Oxford Lane Capital Corp. (NASDAQ:OXLCM – Get Free Report) shares fell 0.1% on Wednesday . The stock traded as low as $24.97 and last traded at $24.97. 2,703 shares were traded during trading, a decline of 45% from the average session volume of 4,919 shares. The stock had previously closed at $25.00.
Oxford Lane Capital Trading Down 0.1 %
The firm’s 50 day moving average is $24.99 and its two-hundred day moving average is $24.92.
Oxford Lane Capital Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a dividend of $0.1406 per share. This represents a $1.69 annualized dividend and a yield of 6.76%. The ex-dividend date of this dividend is Thursday, May 16th.
About Oxford Lane Capital
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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