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

Oxford Lane Capital Corp. (NASDAQ:OXLCI – Get Free Report) announced a quarterly dividend on Saturday, August 15th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.5469 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

Oxford Lane Capital Stock Performance

OXLCI opened at $25.76 on Friday. Oxford Lane Capital has a twelve month low of $25.10 and a twelve month high of $26.25. The company has a 50-day moving average price of $25.58 and a 200 day moving average price of $25.61.

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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.

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