Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Trading Down 0.5% – Time to Sell?

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) dropped 0.5% during mid-day trading on Friday . The stock traded as low as $23.65 and last traded at $23.72. Approximately 4,190 shares traded hands during mid-day trading, an increase of 85% from the average daily volume of 2,267 shares. The stock had previously closed at $23.83.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Price Performance

The company’s 50 day simple moving average is $23.59 and its 200-day simple moving average is $23.95.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Saturday, March 15th will be paid a $0.4219 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.69 annualized dividend and a yield of 7.12%. This is an increase from Oxford Lane Capital Corp. 6.75% Notes due 2031’s previous quarterly dividend of $0.42.

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.