Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) announced a monthly dividend on Thursday, November 5th. Investors of record on Friday, January 15th will be given a dividend of $0.1250 per share on Friday, January 29th. This represents a $1.50 annualized dividend and a yield of 6.3%. The ex-dividend date is Friday, January 15th.
Oxford Lane Capital Trading Up 0.1%
Shares of Oxford Lane Capital stock opened at $23.81 on Friday. The business has a 50-day moving average price of $23.67 and a two-hundred day moving average price of $23.75. Oxford Lane Capital has a 1-year low of $23.07 and a 1-year high of $24.98.
About Oxford Lane Capital
Oxford Lane Capital Corp. is a closed-end management investment company focused on collateralized loan obligations (CLOs), which pool leveraged loans and issue securities with different levels of risk and priority. The company invests primarily in CLO equity and debt securities.
Its investment strategy seeks income and total return by investing across CLO structures, including junior tranches that may be more sensitive to changes in loan performance and market conditions. The underlying loan portfolios are principally associated with the U.S.
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