Oxford Lane Capital Corp. (NASDAQ:OXLCM – Get Free Report) dropped 0.8% during mid-day trading on Wednesday . The stock traded as low as $25.14 and last traded at $25.17. Approximately 21,101 shares traded hands during trading, an increase of 38% from the average daily volume of 15,278 shares. The stock had previously closed at $25.38.
Oxford Lane Capital Stock Performance
The firm’s 50-day moving average is $25.12 and its 200-day moving average is $25.01.
Oxford Lane Capital Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a dividend of $0.1719 per share. The ex-dividend date is Monday, August 17th. This represents a c) annualized dividend and a dividend yield of 8.2%.
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. Oxford Lane Capital Corp was formed on June 9, 2010 and is domiciled in the United States.
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