Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Rating) declared a monthly dividend on Wednesday, May 11th, Wall Street Journal reports. Shareholders of record on Friday, September 16th will be paid a dividend of 0.075 per share by the investment management company on Friday, September 30th. This represents a $0.90 annualized dividend and a yield of 13.68%. The ex-dividend date of this dividend is Thursday, September 15th.
Oxford Lane Capital has decreased its dividend payment by an average of 19.9% annually over the last three years and has raised its dividend every year for the last 1 years.
NASDAQ OXLC opened at $6.58 on Thursday. The firm has a 50 day simple moving average of $7.02 and a 200-day simple moving average of $7.59. Oxford Lane Capital has a one year low of $6.49 and a one year high of $8.53.
A number of large investors have recently modified their holdings of OXLC. Private Advisor Group LLC raised its holdings in Oxford Lane Capital by 55.5% during the first quarter. Private Advisor Group LLC now owns 34,088 shares of the investment management company’s stock worth $247,000 after purchasing an additional 12,165 shares in the last quarter. Raymond James & Associates raised its holdings in Oxford Lane Capital by 42.8% during the first quarter. Raymond James & Associates now owns 32,536 shares of the investment management company’s stock worth $236,000 after purchasing an additional 9,746 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Oxford Lane Capital by 42.8% during the fourth quarter. Wells Fargo & Company MN now owns 6,514 shares of the investment management company’s stock worth $50,000 after purchasing an additional 1,952 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Oxford Lane Capital by 34.3% during the fourth quarter. NewEdge Advisors LLC now owns 61,659 shares of the investment management company’s stock worth $475,000 after purchasing an additional 15,744 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of Oxford Lane Capital by 16.5% in the 4th quarter. Cubist Systematic Strategies LLC now owns 114,850 shares of the investment management company’s stock valued at $885,000 after acquiring an additional 16,253 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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