Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Announces Quarterly Dividend of $0.42

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) announced a quarterly dividend on Tuesday, May 19th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.4219 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date is Monday, June 15th.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Stock Performance

OXLCL stock traded up $0.02 during midday trading on Wednesday, hitting $24.35. The company had a trading volume of 3,608 shares, compared to its average volume of 4,419. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 52 week low of $23.18 and a 52 week high of $24.66. The stock’s 50 day moving average price is $24.00 and its 200 day moving average price is $24.08.

About Oxford Lane Capital Corp. 6.75% Notes due 2031

Oxford Lane Capital Corp. is a closed-end management investment company organized under the Investment Company Act of 1940 and listed on the Nasdaq Global Market. The firm focuses on generating attractive risk-adjusted returns primarily through investments in U.S. consumer credit asset-backed securities and corporate loans. Its portfolio typically includes collateralized loan obligations (CLOs), collateralized debt obligations (CDOs), and other structured finance instruments secured by auto loans, credit card receivables, personal loans and similar consumer assets.

Since its initial public offering in 2012, Oxford Lane Capital has sought to capitalize on opportunities in the U.S.