Oxford Lane Capital Corp. (NASDAQ:OXLCI) Announces $0.55 Quarterly Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLCI) announced a quarterly dividend on Saturday, May 16th. Investors of record on Monday, June 15th will be paid a dividend of 0.5469 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 8.5%. The ex-dividend date of this dividend is Monday, June 15th.

Oxford Lane Capital Stock Performance

OXLCI traded up $0.07 during trading on Friday, reaching $25.75. 3,908 shares of the company were exchanged, compared to its average volume of 6,934. The company’s 50-day moving average is $25.49 and its two-hundred day moving average is $25.66. Oxford Lane Capital has a 12-month low of $25.10 and a 12-month high of $26.25.

Oxford Lane Capital Corp is a closed-end management investment company that seeks to generate current income by investing primarily in debt and debt-related securities of U.S. middle market companies. The firm focuses on senior secured loans, mezzanine debt, unitranche facilities and other structured credit instruments, and may also hold equity or equity-related investments such as collateralized loan obligation (CLO) equity tranches. By targeting cash-flow-oriented businesses, the company aims to deliver regular distributions to its shareholders.

Since its initial public offering in late 2012, Oxford Lane Capital has deployed capital across a diverse mix of industries, including manufacturing, business services and healthcare.