Oxford Lane Capital Corp. (NASDAQ:OXLCI – Get Free Report) traded up 0.3% during trading on Wednesday following a dividend announcement from the company. The stock traded as high as $26.08 and last traded at $26.08. 69,382 shares changed hands during mid-day trading, an increase of 486% from the average session volume of 11,847 shares. The stock had previously closed at $26.00.
The newly announced dividend which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.5469 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.4%.
Oxford Lane Capital Stock Down 0.1%
The business’s fifty day moving average is $25.72 and its two-hundred day moving average is $25.56.
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