Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) shares were down 0.7% on Monday . The company traded as low as $22.95 and last traded at $23.12. Approximately 2,457 shares were traded during trading, an increase of 13% from the average daily volume of 2,179 shares. The stock had previously closed at $23.28.
Oxford Lane Capital Stock Performance
The stock’s 50 day moving average is $23.19 and its two-hundred day moving average is $22.98.
Oxford Lane Capital Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a $0.125 dividend. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Tuesday, September 16th.
Oxford Lane Capital Company Profile
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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