Oxford Lane Capital Corp. (NASDAQ:OXLCM – Get Free Report) shares rose 0.1% during mid-day trading on Friday . The stock traded as high as $25.23 and last traded at $25.19. Approximately 5,076 shares changed hands during trading, a decline of 66% from the average daily volume of 14,814 shares. The stock had previously closed at $25.17.
Oxford Lane Capital Trading Up 0.1%
The stock’s fifty day moving average price is $25.00 and its 200-day moving average price is $25.02.
Oxford Lane Capital Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be given a dividend of $0.1719 per share. The ex-dividend date is Monday, November 16th. This represents a c) dividend on an annualized basis and a yield of 8.2%.
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. Oxford Lane Capital Corp was formed on June 9, 2010 and is domiciled in the United States.
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