Oxford Lane Capital Corp. (NASDAQ:OXLCN) Plans $0.15 Monthly Dividend

by · The Cerbat Gem

Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report) announced a monthly dividend on Thursday, January 29th. Stockholders 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 dividend yield of 7.2%. The ex-dividend date of this dividend is Friday, May 15th.

Oxford Lane Capital Stock Down 0.3%

Shares of NASDAQ:OXLCN traded down $0.08 during trading on Friday, hitting $24.60. 3,063 shares of the company’s stock were exchanged, compared to its average volume of 4,133. The firm has a 50-day moving average price of $24.42 and a two-hundred day moving average price of $24.36. Oxford Lane Capital has a 1-year low of $23.40 and a 1-year high of $24.78.

Oxford Lane Capital Company Profile

(Get Free Report)

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.

Featured Articles