Oxford Lane Capital Corp. (NASDAQ:OXLCN) to Issue $0.15 Monthly Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLCN) announced a monthly dividend on Thursday, July 23rd. Shareholders of record on Wednesday, September 16th will be given a dividend of 0.1484 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date is Wednesday, September 16th.

Oxford Lane Capital Price Performance

Oxford Lane Capital stock opened at $24.55 on Monday. The firm has a fifty day moving average of $24.68 and a 200-day moving average of $24.61. Oxford Lane Capital has a 52-week low of $23.93 and a 52-week high of $25.10.

Institutional Trading of Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. acquired a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital accounts for approximately 3.0% of Karpus Management Inc.’s investment portfolio, making the stock its 11th biggest holding.

About Oxford Lane Capital

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.