Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Trading Down 0.8% – Here’s What Happened

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL)’s share price dropped 0.8% during trading on Tuesday . The stock traded as low as $23.97 and last traded at $23.8150. Approximately 1,181 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 4,579 shares. The stock had previously closed at $24.00.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Stock Down 0.8%

The company’s 50 day simple moving average is $23.87 and its 200 day simple moving average is $23.68.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Sunday, March 15th will be given a $0.4219 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Friday, March 13th.

About Oxford Lane Capital Corp. 6.75% Notes due 2031

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.