Oxford Lane Capital Corp. (NASDAQ:OXLCP) Announces $0.13 Monthly Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLCP) announced a monthly dividend on Friday, January 30th. Shareholders of record on Tuesday, March 17th will be paid a dividend of 0.1302 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date is Tuesday, March 17th.

Oxford Lane Capital Stock Down 0.3%

NASDAQ OXLCP traded down $0.08 on Friday, reaching $24.67. 15,857 shares of the company’s stock traded hands, compared to its average volume of 6,778. Oxford Lane Capital has a 12 month low of $23.75 and a 12 month high of $24.97. The stock has a 50-day simple moving average of $24.62 and a 200 day simple moving average of $24.51.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp is a closed?end, externally managed registered investment company listed on the NASDAQ under the ticker symbol OXLCP. The firm’s primary objective is to generate high current income and capital appreciation potential by investing in collateralized loan obligations (CLOs). It employs a hybrid investment strategy that includes both debt and equity tranches of U.S. senior secured loans, providing investors with exposure to floating?rate assets that can adjust with interest?rate movements.

The company’s portfolio is predominantly comprised of equity and debt tranches of newly issued and seasoned CLOs managed by established asset managers.