Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report)’s share price dropped 0% on Tuesday . The company traded as low as $22.80 and last traded at $22.80. Approximately 1,086 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 1,521 shares. The stock had previously closed at $22.81.
Oxford Lane Capital Trading Down 0.0 %
The firm’s fifty day moving average price is $22.94 and its 200-day moving average price is $22.77.
Oxford Lane Capital Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date of this dividend is Friday, January 17th.
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.
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