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

Oxford Lane Capital Corp. (NASDAQ:OXLCI) declared a quarterly dividend on Sunday, February 15th, NASDAQ Dividends reports. Investors of record on Sunday, March 15th will be paid a dividend of 0.5469 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend is Friday, March 13th.

Oxford Lane Capital Stock Performance

Shares of Oxford Lane Capital stock opened at $25.83 on Monday. The company’s 50 day moving average price is $25.72 and its two-hundred day moving average price is $25.72. Oxford Lane Capital has a fifty-two week low of $24.93 and a fifty-two week high of $26.25.

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.