Shares of Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ – Get Free Report) were up 0.2% during trading on Friday following a dividend announcement from the company. The stock traded as high as $24.00 and last traded at $23.97. Approximately 527 shares were traded during trading, a decline of 94% from the average daily volume of 8,889 shares. The stock had previously closed at $23.91.
The newly announced dividend which will be paid on Monday, March 31st. Investors of record on Saturday, March 15th will be given a $0.3125 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.22%.
Oxford Lane Capital Corp. 5.00% Notes due 2027 Stock Performance
The firm’s fifty day simple moving average is $23.80 and its 200 day simple moving average is $23.68.
About Oxford Lane Capital Corp. 5.00% Notes due 2027
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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