Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report)’s share price was down 1.7% on Wednesday . The stock traded as low as $22.02 and last traded at $22.02. Approximately 7,197 shares changed hands during trading, an increase of 162% from the average daily volume of 2,745 shares. The stock had previously closed at $22.39.
Oxford Lane Capital Stock Performance
The firm has a 50 day simple moving average of $22.13 and a two-hundred day simple moving average of $21.94.
Oxford Lane Capital Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a yield of 6.81%. The ex-dividend date 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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