Shares of Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) shot up 0.3% on Thursday . The stock traded as high as $22.90 and last traded at $22.86. 11,519 shares traded hands during mid-day trading, an increase of 401% from the average session volume of 2,300 shares. The stock had previously closed at $22.80.
Oxford Lane Capital Stock Up 0.3 %
The firm’s 50 day moving average is $22.75 and its two-hundred day moving average is $22.49.
Oxford Lane Capital Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.125 dividend. This represents a $1.50 annualized dividend and a yield of 6.56%. The ex-dividend date of this dividend is Friday, November 15th.
Oxford Lane Capital 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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