Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) shares fell 1.7% during mid-day trading on Wednesday . The company traded as low as $22.02 and last traded at $22.02. 7,197 shares traded hands during trading, an increase of 162% from the average session volume of 2,745 shares. The stock had previously closed at $22.39.
Oxford Lane Capital Stock Performance
The stock’s 50 day moving average price is $22.13 and its 200-day moving average price is $21.94.
Oxford Lane Capital Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a $0.125 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.50 annualized dividend and a dividend yield of 6.81%.
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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