Oxford Lane Capital Corp. (NASDAQ:OXLCI) to Issue $0.55 Quarterly Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLCI) declared a quarterly dividend on Saturday, August 15th. Investors of record on Tuesday, September 15th will be paid a dividend of 0.5469 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 8.5%. The ex-dividend date is Tuesday, September 15th.

Oxford Lane Capital Price Performance

OXLCI stock opened at $25.76 on Friday. Oxford Lane Capital has a 52-week low of $25.10 and a 52-week high of $26.25. The business has a fifty day moving average of $25.58 and a two-hundred day moving average of $25.61.

Institutional Trading of Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. bought a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 150,975 shares of the company’s stock, valued at approximately $3,871,000.

Oxford Lane Capital Corp is a closed-end management investment company that seeks to generate current income by investing primarily in debt and debt-related securities of U.S. middle market companies. The firm focuses on senior secured loans, mezzanine debt, unitranche facilities and other structured credit instruments, and may also hold equity or equity-related investments such as collateralized loan obligation (CLO) equity tranches. By targeting cash-flow-oriented businesses, the company aims to deliver regular distributions to its shareholders.

Since its initial public offering in late 2012, Oxford Lane Capital has deployed capital across a diverse mix of industries, including manufacturing, business services and healthcare.