Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report) declared a monthly dividend on Thursday, January 29th. Shareholders of record on Friday, May 15th will be paid a dividend of 0.1484 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Friday, May 15th.
Oxford Lane Capital Trading Down 0.3%
Shares of NASDAQ OXLCN traded down $0.08 during midday trading on Friday, reaching $24.60. The company had a trading volume of 3,063 shares, compared to its average volume of 4,133. Oxford Lane Capital has a 1 year low of $23.40 and a 1 year high of $24.78. The business’s 50-day simple moving average is $24.42 and its 200 day simple moving average is $24.36.
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.
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