Shares of Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) were up 0.6% during trading on Wednesday . The stock traded as high as $22.48 and last traded at $22.48. Approximately 1,629 shares were traded during trading, a decline of 42% from the average daily volume of 2,802 shares. The stock had previously closed at $22.35.
Oxford Lane Capital Stock Performance
The firm’s 50 day simple moving average is $22.33 and its 200 day simple moving average is $22.22.
Oxford Lane Capital Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a $0.125 dividend. This represents a $1.50 annualized dividend and a dividend yield of 6.67%. The ex-dividend date is Wednesday, July 17th.
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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