Oxford Lane Capital Corp. (NASDAQ:OXLCM – Get Free Report)’s stock price traded down 0.1% during trading on Wednesday . The stock traded as low as $24.97 and last traded at $24.97. 2,703 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 4,919 shares. The stock had previously closed at $25.00.
Oxford Lane Capital Stock Down 0.1 %
The firm has a 50 day moving average price of $24.99 and a 200 day moving average price of $24.92.
Oxford Lane Capital Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a $0.1406 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.69 annualized dividend and a dividend yield of 6.76%.
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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