Oxford Lane Capital Corp. (NASDAQ:OXLCN) Plans Monthly Dividend of $0.15

Oxford Lane Capital Corp. (NASDAQ:OXLCN) announced a monthly dividend on Thursday, July 23rd. Stockholders of record on Wednesday, September 16th will be paid a dividend of 0.1484 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Wednesday, September 16th.

Oxford Lane Capital Stock Down 0.1%

Oxford Lane Capital stock opened at $24.55 on Monday. Oxford Lane Capital has a 52-week low of $23.93 and a 52-week high of $25.10. The firm’s fifty day moving average is $24.68 and its 200 day moving average is $24.61.

Institutional Trading of Oxford Lane Capital

A hedge fund recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. bought a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital accounts for approximately 3.0% of Karpus Management Inc.’s portfolio, making the stock its 11th biggest holding.

About Oxford Lane Capital

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.