Oxford Lane Capital Corp. (NASDAQ:OXLCM – Get Free Report) declared a monthly dividend on Thursday, November 5th. Stockholders of record on Friday, February 12th will be given a dividend of $0.1719 per share on Friday, February 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend is Friday, February 12th.
Oxford Lane Capital Stock Up 0.4%
OXLCM opened at $24.74 on Friday. Oxford Lane Capital has a fifty-two week low of $24.35 and a fifty-two week high of $25.48. The business has a 50-day moving average of $24.93 and a 200-day moving average of $25.00.
Oxford Lane Capital Company Profile
Oxford Lane Capital Corp. is a publicly traded, closed-end investment company focused primarily on collateralized loan obligation (CLO) securities. Its portfolio consists mainly of CLO equity and junior debt tranches, which represent different levels of risk and potential returns within CLO structures.
CLOs typically hold diversified portfolios of senior secured loans, largely to below-investment-grade companies. Oxford Lane’s investments therefore provide exposure to the leveraged-loan market, primarily in the United States.
Oxford Lane Capital is externally managed by Oxford Lane Management, LLC.
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