Oxford Lane Capital Corp. (NASDAQ:OXLCI – Get Free Report)’s stock price passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $25.29 and traded as low as $25.23. Oxford Lane Capital shares last traded at $25.2730, with a volume of 10,474 shares trading hands.
Oxford Lane Capital Price Performance
The company has a 50-day moving average of $25.29 and a 200-day moving average of $25.54.
Oxford Lane Capital Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a $0.5469 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.19 dividend on an annualized basis and a yield of 8.7%.
Oxford Lane Capital Corp. is a closed-end investment company focused on collateralized loan obligations (CLOs), which are securities backed by pools of corporate loans. Its portfolio primarily includes equity and junior debt tranches of CLOs, which generally carry greater risk and may offer different income and return characteristics than senior tranches. The company’s investments provide exposure to leveraged corporate borrowers through CLO structures rather than through direct lending to individual businesses.
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