Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report) traded up 0.8% during trading on Friday . The company traded as high as $24.25 and last traded at $24.25. 4,598 shares changed hands during mid-day trading, an increase of 55% from the average session volume of 2,959 shares. The stock had previously closed at $24.05.
Oxford Lane Capital Stock Performance
The business’s 50 day simple moving average is $24.22 and its two-hundred day simple moving average is $24.12.
Oxford Lane Capital Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a $0.1484 dividend. This represents a $1.78 annualized dividend and a dividend yield of 7.35%. The ex-dividend date of this dividend is Tuesday, December 17th.
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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