Oxford Lane Capital Corp. (NASDAQ:OXLCP – Get Free Report) declared a monthly dividend on Friday, November 10th, Wall Street Journal reports. Shareholders of record on Thursday, February 15th will be paid a dividend of 0.1302 per share on Thursday, February 29th. This represents a $1.56 dividend on an annualized basis and a yield of 6.77%. The ex-dividend date of this dividend is Wednesday, February 14th.
Oxford Lane Capital Trading Up 0.7 %
Shares of NASDAQ:OXLCP opened at $23.09 on Friday. The firm’s 50 day simple moving average is $22.83 and its 200 day simple moving average is $22.78. Oxford Lane Capital has a fifty-two week low of $21.72 and a fifty-two week high of $23.74.
Institutional Investors Weigh In On Oxford Lane Capital
An institutional investor recently raised its position in Oxford Lane Capital stock. Resources Management Corp CT ADV lifted its position in Oxford Lane Capital Corp. (NASDAQ:OXLCP – Free Report) by 8,500.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,200 shares of the company’s stock after buying an additional 17,000 shares during the period. 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
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.
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