Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report) dropped 0.2% during trading on Tuesday . The company traded as low as $24.09 and last traded at $24.15. Approximately 3,517 shares were traded during mid-day trading, an increase of 113% from the average daily volume of 1,654 shares. The stock had previously closed at $24.20.
Oxford Lane Capital Stock Performance
The company’s 50 day moving average is $24.16 and its 200 day moving average is $24.16.
Oxford Lane Capital Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a $0.1484 dividend. The ex-dividend date is Friday, January 17th. This represents a $1.78 dividend on an annualized basis and a dividend 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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