Shares of Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) were down 0% during mid-day trading on Tuesday . The stock traded as low as $22.80 and last traded at $22.80. Approximately 1,086 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 1,521 shares. The stock had previously closed at $22.81.
Oxford Lane Capital Stock Performance
The stock has a 50-day moving average of $22.94 and a 200-day moving average of $22.77.
Oxford Lane Capital Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.50 annualized dividend and a yield of 6.58%.
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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