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

Oxford Lane Capital Corp. (NASDAQ:OXLCP) announced a monthly dividend on Thursday, January 29th. Stockholders of record on Thursday, April 16th will be given a dividend of 0.1302 per share on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Thursday, April 16th.

Oxford Lane Capital Stock Performance

OXLCP traded down $0.08 during midday trading on Friday, hitting $24.67. 15,857 shares of the company traded hands, compared to its average volume of 6,778. The business has a 50 day simple moving average of $24.62 and a two-hundred day simple moving average of $24.51. Oxford Lane Capital has a 52-week low of $23.75 and a 52-week high of $24.97.

About Oxford Lane Capital

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.