Oxford Lane Capital (NASDAQ:OXLCN) Shares Down 0.1%

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLCNGet Free Report) dropped 0.1% during trading on Tuesday . The company traded as low as $23.40 and last traded at $23.40. Approximately 2,022 shares were traded during trading, a decline of 43% from the average daily volume of 3,540 shares. The stock had previously closed at $23.42.

Oxford Lane Capital Stock Down 0.1 %

The firm has a fifty day moving average of $23.59 and a 200 day moving average of $23.25.

Oxford Lane Capital Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be issued a $0.1484 dividend. The ex-dividend date is Monday, April 15th. This represents a $1.78 annualized dividend and a dividend yield of 7.61%.

About Oxford Lane Capital

(Get Free Report)

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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