Oxford Lane Capital Corp (NASDAQ:OXLC) declared a monthly dividend on Thursday, December 21st, Wall Street Journal reports. Shareholders of record on Thursday, March 22nd will be given a dividend of 0.135 per share by the investment management company on Friday, March 30th. This represents a $1.62 annualized dividend and a yield of 15.62%. The ex-dividend date of this dividend is Wednesday, March 21st.
Shares of NASDAQ OXLC traded up $0.01 during mid-day trading on Friday, reaching $10.37. The company’s stock had a trading volume of 154,777 shares, compared to its average volume of 239,684. Oxford Lane Capital has a 1-year low of $9.11 and a 1-year high of $11.19.
Separately, Zacks Investment Research cut shares of Oxford Lane Capital from a “buy” rating to a “hold” rating in a research report on Saturday, March 31st.
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Oxford Lane Capital Company Profile
Oxford Lane Capital Corp. is a non-diversified closed-end management investment company. The Fund’s investment objective is to maximize its portfolio’s risk adjusted total return and seeks to achieve its investment objective by investing in structured finance investments, specifically collateralized loan obligation (CLO) vehicles, which primarily own senior corporate debt securities.
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