Given all the recent uncertainty in the high yield, leveraged loan and closed end fund markets, Oxford Lane Capital (NASDAQ:OXLC) was smart to announce its next two quarterly dividends (March 31 and June 30), well in advance. They maintained the rate at 60 cents.
Here is the announcement, which came out yesterday:Oxford Lane Capital Corp. Announces the Declaration of Distributions on Common Stock for the Quarters Ending March 31, 2016 and June 30, 2016
BY Market Wire - 8:00 AM ET 12/11/2015
GREENWICH, CT -- (Marketwired) - 12/11/15 -- Oxford Lane Capital Corp. ( OXLC ) ("Oxford Lane" or "Company") announced today that the Company's Board of Directors has declared distributions of $0.60 per share of its outstanding common stock for each of the quarters endingMarch 31, 2016 and June 30, 2016. The distribution for the quarter ending March 31, 2016 is payable on March 31, 2016 to shareholders of record as of March 16, 2016. The distribution for the quarter ending June 30, 2016 is payable on June 30, 2016 to shareholders of record as ofJune 16, 2016.
Disclosure: I am/we are long OXLC.