Shares of Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL – Get Free Report) rose 0.5% on Wednesday . The company traded as high as $23.93 and last traded at $23.93. Approximately 3,689 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 3,982 shares. The stock had previously closed at $23.81.
Oxford Lane Capital Corp. 6.75% Notes due 2031 Price Performance
The stock’s fifty day moving average is $23.88 and its two-hundred day moving average is $23.83.
Oxford Lane Capital Corp. 6.75% Notes due 2031 Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Saturday, June 15th will be paid a dividend of $0.4219 per share. The ex-dividend date is Friday, June 14th. This represents a $1.69 annualized dividend and a yield of 7.05%.
About Oxford Lane Capital Corp. 6.75% Notes due 2031
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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