Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Trading Down 0.5% – Time to Sell?

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) shares fell 0.5% during trading on Friday . The stock traded as low as $23.65 and last traded at $23.72. 4,190 shares were traded during mid-day trading, an increase of 85% from the average session volume of 2,267 shares. The stock had previously closed at $23.83.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Price Performance

The company has a 50-day moving average of $23.59 and a 200 day moving average of $23.95.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Saturday, March 15th will be given a $0.4219 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.69 annualized dividend and a yield of 7.12%. This is a positive change from Oxford Lane Capital Corp. 6.75% Notes due 2031’s previous quarterly dividend of $0.42.

Oxford Lane Capital Corp. 6.75% Notes due 2031 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.