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

Oxford Lane Capital Corp. (NASDAQ:OXLCNGet Free Report) announced a monthly dividend on Tuesday, May 19th. Stockholders of record on Monday, August 17th will be paid a dividend of 0.1484 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Monday, August 17th.

Oxford Lane Capital Trading Up 0.5%

Shares of Oxford Lane Capital stock opened at $24.80 on Wednesday. Oxford Lane Capital has a 52-week low of $23.80 and a 52-week high of $25.10. The stock has a 50-day simple moving average of $24.46 and a 200-day simple moving average of $24.45.

Institutional Investors Weigh In On Oxford Lane Capital

A hedge fund recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. bought a new position in Oxford Lane Capital Corp. (NASDAQ:OXLCNFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital comprises approximately 3.0% of Karpus Management Inc.’s investment portfolio, making the stock its 11th biggest position.

About Oxford Lane Capital

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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.

See Also

Dividend History for Oxford Lane Capital (NASDAQ:OXLCN)

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