Oxford Lane Capital Corp. Announces Monthly Dividend of $0.13 (NASDAQ:OXLCO)

Oxford Lane Capital Corp. (NASDAQ:OXLCO) announced a monthly dividend on Thursday, January 29th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.125 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Friday, May 15th.

Oxford Lane Capital Price Performance

Oxford Lane Capital stock traded down $0.01 during mid-day trading on Friday, hitting $23.76. The stock had a trading volume of 2,056 shares, compared to its average volume of 2,975. Oxford Lane Capital has a 12 month low of $22.28 and a 12 month high of $24.01. The stock has a 50-day simple moving average of $23.48 and a two-hundred day simple moving average of $23.36.

Institutional Trading of Oxford Lane Capital

A hedge fund recently bought a new stake in Oxford Lane Capital stock. NBC Securities Inc. purchased a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCO) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,267 shares of the company’s stock, valued at approximately $76,000.

About Oxford Lane Capital

Oxford Lane Capital is a closed-end management investment company that specializes in corporate credit and structured finance. The fund primarily invests in equity and debt tranches of collateralized loan obligations (CLOs) managed by established collateral managers. In addition to CLO exposures, the portfolio may include senior secured loans and select dividend-paying common and preferred equity securities to enhance yield and diversification.

Since commencing operations in 2013, Oxford Lane Capital has pursued a credit-focused strategy designed to capture income and capital appreciation through active portfolio management.