Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report) rose 0.4% during trading on Tuesday . The company traded as high as $24.18 and last traded at $24.17. Approximately 8,988 shares were traded during mid-day trading, an increase of 198% from the average daily volume of 3,019 shares. The stock had previously closed at $24.07.
Oxford Lane Capital Price Performance
The business has a 50-day moving average of $23.87 and a 200 day moving average of $24.07.
Oxford Lane Capital Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a dividend of $0.1484 per share. This represents a $1.78 annualized dividend and a dividend yield of 7.37%. The ex-dividend date is Friday, August 15th.
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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