Oxford Lane Capital Corp. (NASDAQ:OXLCO) to Issue $0.13 Monthly Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLCO) declared a monthly dividend on Tuesday, May 19th. Stockholders of record on Friday, July 17th will be paid a dividend of 0.125 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, July 17th.

Oxford Lane Capital Trading Up 0.5%

Shares of OXLCO stock opened at $23.65 on Wednesday. Oxford Lane Capital has a fifty-two week low of $22.58 and a fifty-two week high of $24.98. The stock has a 50 day simple moving average of $23.61 and a two-hundred day simple moving average of $23.51.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. bought a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 516,391 shares of the company’s stock, valued at approximately $12,086,000. Oxford Lane Capital accounts for about 2.5% of Karpus Management Inc.’s investment portfolio, making the stock its 14th biggest position.

About Oxford Lane Capital

Oxford Lane Capital is a closed-end management investment company that specializes in corporate credit and structured finance. The fund primarily invests in equity and debt tranches of collateralized loan obligations (CLOs) managed by established collateral managers. In addition to CLO exposures, the portfolio may include senior secured loans and select dividend-paying common and preferred equity securities to enhance yield and diversification.

Since commencing operations in 2013, Oxford Lane Capital has pursued a credit-focused strategy designed to capture income and capital appreciation through active portfolio management.