Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Rating) declared a monthly dividend on Tuesday, May 10th, Wall Street Journal reports. Stockholders of record on Friday, July 15th will be given a dividend of 0.075 per share by the investment management company on Friday, July 29th. This represents a $0.90 annualized dividend and a dividend yield of 13.62%. The ex-dividend date of this dividend is Thursday, July 14th.
Oxford Lane Capital has decreased its dividend by an average of 19.9% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.
Shares of Oxford Lane Capital stock traded down $0.03 on Tuesday, hitting $6.61. The company had a trading volume of 1,105,790 shares, compared to its average volume of 1,590,126. The business has a 50-day simple moving average of $7.07 and a 200-day simple moving average of $7.60. Oxford Lane Capital has a 52 week low of $6.49 and a 52 week high of $8.53.
A number of large investors have recently modified their holdings of OXLC. Bank of America Corp DE boosted its holdings in Oxford Lane Capital by 34.1% during the second quarter. Bank of America Corp DE now owns 47,290 shares of the investment management company’s stock worth $351,000 after buying an additional 12,015 shares in the last quarter. Citadel Advisors LLC acquired a new position in Oxford Lane Capital in the 2nd quarter worth approximately $287,000. Millennium Management LLC acquired a new position in Oxford Lane Capital in the 2nd quarter worth approximately $135,000. Morgan Stanley boosted its stake in Oxford Lane Capital by 128.4% in the 2nd quarter. Morgan Stanley now owns 938,765 shares of the investment management company’s stock worth $6,956,000 after purchasing an additional 527,795 shares during the period. Finally, LPL Financial LLC boosted its stake in Oxford Lane Capital by 247.9% in the 3rd quarter. LPL Financial LLC now owns 171,530 shares of the investment management company’s stock worth $1,237,000 after purchasing an additional 122,225 shares during the period.
About Oxford Lane Capital (Get Rating)
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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