Oxford Lane Capital Corp. (OXLCN) to Issue Monthly Dividend of $0.15 on September 30th

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

Oxford Lane Capital Stock Performance

Shares of Oxford Lane Capital stock opened at $24.55 on Monday. The business has a 50-day moving average price of $24.68 and a 200-day moving average price of $24.61. Oxford Lane Capital has a twelve month low of $23.93 and a twelve month high of $25.10.

Institutional Investors Weigh In On Oxford Lane Capital

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

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.