Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report)’s stock price traded down 0.1% during mid-day trading on Thursday . The stock traded as low as $24.12 and last traded at $24.15. 596 shares were traded during mid-day trading, a decline of 80% from the average session volume of 3,009 shares. The stock had previously closed at $24.17.
Oxford Lane Capital Stock Performance
The business’s 50 day simple moving average is $24.27 and its 200 day simple moving average is $24.22.
Oxford Lane Capital Cuts Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.1484 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.78 annualized dividend and a dividend yield of 7.38%.
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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