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

Oxford Lane Capital Corp. (NASDAQ:OXLCI) declared a quarterly dividend on Saturday, May 16th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.5469 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend is Monday, June 15th.

Oxford Lane Capital Price Performance

OXLCI traded up $0.07 on Friday, hitting $25.75. 3,908 shares of the company were exchanged, compared to its average volume of 6,934. The firm has a fifty day simple moving average of $25.49 and a two-hundred day simple moving average of $25.66. Oxford Lane Capital has a 12 month low of $25.10 and a 12 month 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.