Oxford Lane Capital Corp. (NASDAQ:OXLCM – Get Free Report) declared a monthly dividend on Thursday, July 23rd. Shareholders of record on Friday, October 16th will be given a dividend of $0.1719 per share on Friday, October 30th. This represents a $2.06 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend is Friday, October 16th.
Oxford Lane Capital Stock Performance
Shares of OXLCM stock opened at $24.94 on Wednesday. Oxford Lane Capital has a 12 month low of $24.40 and a 12 month high of $25.48. The company’s fifty day moving average price is $25.06 and its 200-day moving average price is $25.04.
Oxford Lane Capital Company Profile
Oxford Lane Capital Corp. is a closed-end management investment company that focuses primarily on investments in collateralized loan obligations (CLOs). CLOs are structured investment vehicles backed mainly by portfolios of senior secured corporate loans. Oxford Lane generally invests in the equity and junior debt tranches of these vehicles, seeking to generate current income and long-term total returns.
The company’s portfolio may also include other credit-related investments, such as debt securities and other structured finance instruments.
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