Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report)’s stock price traded up 0.1% on Wednesday . The company traded as high as $24.19 and last traded at $24.13. 6,278 shares changed hands during trading, an increase of 105% from the average session volume of 3,058 shares. The stock had previously closed at $24.10.
Oxford Lane Capital Stock Up 0.1 %
The stock has a 50 day simple moving average of $23.88 and a 200 day simple moving average of $23.68.
Oxford Lane Capital Cuts Dividend
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a dividend of $0.1484 per share. The ex-dividend date is Wednesday, July 17th. This represents a $1.78 dividend on an annualized basis and a yield of 7.38%.
Oxford Lane Capital Company Profile
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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