Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report) shares traded down 0.1% on Monday. The company traded as low as $24.32 and last traded at $24.3560. Approximately 2,250 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 2,907 shares. The stock had previously closed at $24.38.
Oxford Lane Capital Stock Up 0.1%
The company has a fifty day simple moving average of $24.62 and a 200-day simple moving average of $24.63.
Oxford Lane Capital Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be given a dividend of $0.1484 per share. This represents a $1.78 annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Monday, November 16th.
About Oxford Lane Capital
Oxford Lane Capital Corp. is a closed-end management investment company focused primarily on generating income from investments in collateralized loan obligations (CLOs). CLOs are securities backed by portfolios of corporate loans, and Oxford Lane invests mainly in their equity and junior debt tranches, which generally have greater exposure to the performance of the underlying loan portfolios.
The company may also invest in other structured finance assets and corporate debt securities.
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