Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ – Get Free Report)’s stock price shot up 0.2% during trading on Friday following a dividend announcement from the company. The company traded as high as $24.00 and last traded at $23.97. 527 shares were traded during mid-day trading, a decline of 94% from the average session volume of 8,889 shares. The stock had previously closed at $23.91.
The newly announced dividend which will be paid on Monday, March 31st. Shareholders of record on Saturday, March 15th will be given a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend is Friday, March 14th.
Oxford Lane Capital Corp. 5.00% Notes due 2027 Price Performance
The stock’s 50 day moving average price is $23.80 and its two-hundred day moving average price is $23.68.
About Oxford Lane Capital Corp. 5.00% Notes due 2027
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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