Shares of Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report) dropped 0.2% during mid-day trading on Tuesday . The company traded as low as $24.09 and last traded at $24.15. Approximately 3,517 shares changed hands during mid-day trading, an increase of 113% from the average daily volume of 1,654 shares. The stock had previously closed at $24.20.
Oxford Lane Capital Price Performance
The firm has a 50 day moving average price of $24.16 and a 200-day moving average price of $24.16.
Oxford Lane Capital Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.1484 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.78 annualized dividend and a dividend yield of 7.40%.
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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