Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL – Get Free Report) shares were up 0.1% on Friday after the company announced a dividend. The stock traded as high as $23.98 and last traded at $23.88. Approximately 8,788 shares changed hands during mid-day trading, an increase of 153% from the average daily volume of 3,467 shares. The stock had previously closed at $23.86.
The newly announced dividend which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be paid a dividend of $0.4219 per share. This represents a $1.69 dividend on an annualized basis and a yield of 7.07%. The ex-dividend date is Friday, December 13th.
Oxford Lane Capital Corp. 6.75% Notes due 2031 Stock Performance
The business has a 50 day simple moving average of $24.17 and a 200-day simple moving average of $23.99.
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.
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