Oxford Lane Capital Corp. (OXLCN) to Distribute Monthly Dividend of $0.15 on September 30th

by · The Markets Daily

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

Oxford Lane Capital Price Performance

Oxford Lane Capital stock opened at $24.55 on Monday. The firm has a 50-day moving average of $24.68 and a two-hundred day moving average of $24.61. Oxford Lane Capital has a 1 year low of $23.93 and a 1 year high of $25.10.

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.

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