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

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

Oxford Lane Capital Trading Up 0.5%

Shares of OXLCN opened at $24.80 on Wednesday. Oxford Lane Capital has a 1-year low of $23.80 and a 1-year high of $25.10. The firm has a 50-day simple moving average of $24.46 and a two-hundred day simple moving average of $24.45.

Institutional Inflows and Outflows

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

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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