Oxford Lane Capital Corp. (NASDAQ:OXLCP – Get Free Report) shares rose 0.2% during mid-day trading on Friday . The company traded as high as $24.01 and last traded at $23.93. Approximately 1,971 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 5,688 shares. The stock had previously closed at $23.88.
Oxford Lane Capital Stock Up 0.2 %
The stock’s fifty day moving average price is $23.92 and its 200-day moving average price is $23.70.
Oxford Lane Capital Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.1302 per share. The ex-dividend date is Friday, November 15th. This represents a $1.56 annualized dividend and a yield of 6.53%.
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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