Oxford Lane Capital Corp. (NASDAQ:OXLCM – Get Free Report) crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $24.92 and traded as low as $24.57. Oxford Lane Capital shares last traded at $24.9010, with a volume of 7,333 shares trading hands.
Oxford Lane Capital Stock Down 0.2%
The company has a fifty day moving average price of $24.92 and a 200-day moving average price of $25.00.
Oxford Lane Capital Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, February 26th. Investors of record on Friday, February 12th will be issued a dividend of $0.1719 per share. This represents a $2.06 annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend is Friday, February 12th.
About Oxford Lane Capital
Oxford Lane Capital Corp. is a publicly traded, closed-end investment company focused primarily on collateralized loan obligation (CLO) securities. Its portfolio consists mainly of CLO equity and junior debt tranches, which represent different levels of risk and potential returns within CLO structures. CLOs typically hold diversified portfolios of senior secured loans, largely to below-investment-grade companies. Oxford Lane’s investments therefore provide exposure to the leveraged-loan market, primarily in the United States.
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