Shares of Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ – Get Free Report) shot up 0.1% during trading on Friday after the company announced a dividend. The stock traded as high as $23.59 and last traded at $23.58. 12,068 shares were traded during mid-day trading, an increase of 184% from the average session volume of 4,254 shares. The stock had previously closed at $23.55.
The newly announced dividend which will be paid on Monday, July 1st. Shareholders of record on Saturday, June 15th were issued a dividend of $0.3125 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.30%.
Oxford Lane Capital Corp. 5.00% Notes due 2027 Trading Up 0.1 %
The business has a fifty day simple moving average of $23.40 and a 200 day simple moving average of $23.26.
Oxford Lane Capital Corp. 5.00% Notes due 2027 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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