Oxford Lane Capital Corp. (OXLCP) To Go Ex-Dividend on April 15th

Posted by Matthew Steigler on Apr 13th, 2024

Oxford Lane Capital Corp. (NASDAQ:OXLCP – Get Free Report) announced a monthly dividend on Wednesday, January 31st, Wall Street Journal reports. Shareholders of record on Tuesday, April 16th will be given a dividend of 0.1302 per share on Tuesday, April 30th. This represents a $1.56 dividend on an annualized basis and a yield of 6.65%. The ex-dividend date is Monday, April 15th.

Oxford Lane Capital has raised its dividend payment by an average of 4.1% per year over the last three years.

Oxford Lane Capital Stock Up 0.4 %

Shares of NASDAQ OXLCP opened at $23.50 on Friday. The firm’s 50-day moving average price is $23.40 and its 200-day moving average price is $23.15. Oxford Lane Capital has a 52-week low of $22.25 and a 52-week high of $23.77.

Institutional Trading of Oxford Lane Capital

A hedge fund recently raised its stake in Oxford Lane Capital stock. Resources Management Corp CT ADV grew its stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCP – Free Report) by 8,500.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,200 shares of the company’s stock after acquiring 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 SEC filing.

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.