Oxford Lane Capital Corp. (OXLCP) to Issue Monthly Dividend of $0.13 on February 29th

Oxford Lane Capital Corp. (NASDAQ:OXLCPGet Free Report) declared a monthly dividend on Friday, November 10th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.1302 per share on Thursday, February 29th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.65%. The ex-dividend date of this dividend is Wednesday, February 14th.

Oxford Lane Capital has increased its dividend by an average of 19.7% annually over the last three years.

Oxford Lane Capital Price Performance

Shares of NASDAQ OXLCP opened at $23.50 on Monday. The firm has a fifty day moving average of $23.20 and a 200-day moving average of $22.98. Oxford Lane Capital has a 52-week low of $21.72 and a 52-week high of $23.59.

Institutional Trading of Oxford Lane Capital

An institutional investor recently raised its position in Oxford Lane Capital stock. Resources Management Corp CT ADV increased its position in Oxford Lane Capital Corp. (NASDAQ:OXLCPFree Report) by 8,500.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,200 shares of the company’s stock after purchasing an additional 17,000 shares during the quarter. Resources Management Corp CT ADV’s holdings in Oxford Lane Capital were worth $391,000 as of its most recent filing with the Securities and Exchange Commission.

About Oxford Lane Capital

(Get Free Report)

Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.

Further Reading

Dividend History for Oxford Lane Capital (NASDAQ:OXLCP)

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