Shares of Oxford Lane Capital Corp. (NASDAQ:OXLCI – Get Free Report) shot up 0% during mid-day trading on Friday after the company announced a dividend. The stock traded as high as $25.82 and last traded at $25.79. 37,497 shares traded hands during trading, an increase of 188% from the average session volume of 13,041 shares. The stock had previously closed at $25.78.
The newly announced dividend which will be paid on Monday, March 31st. Stockholders of record on Saturday, March 15th will be issued a $0.5469 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.48%. The ex-dividend date of this dividend is Friday, March 14th.
Oxford Lane Capital Stock Up 0.0 %
The firm’s fifty day moving average price is $25.66.
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