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

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) announced a quarterly dividend on Friday, January 1st. Stockholders of record on Sunday, March 15th will be paid a dividend of 0.4219 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend is Friday, March 13th.

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

NASDAQ OXLCL opened at $24.09 on Wednesday. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 12 month low of $22.75 and a 12 month high of $24.66. The company’s 50-day moving average price is $24.19 and its 200-day moving average price is $24.02.

Institutional Investors Weigh In On Oxford Lane Capital Corp. 6.75% Notes due 2031

An institutional investor recently bought a new position in Oxford Lane Capital Corp. 6.75% Notes due 2031 stock. Karpus Management Inc. acquired a new position in shares of Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 38,367 shares of the company’s stock, valued at approximately $924,000.

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.