Oxford Lane Capital (NASDAQ:OXLCI) Trading 0.3% Higher Following Dividend Announcement

Oxford Lane Capital Corp. (NASDAQ:OXLCIGet Free Report)’s share price rose 0.3% during trading on Wednesday following a dividend announcement from the company. The stock traded as high as $25.84 and last traded at $25.84. Approximately 558 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 10,013 shares. The stock had previously closed at $25.76.

The newly announced dividend which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a dividend of $0.5469 per share. This represents a $2.19 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date was Monday, September 15th.

Oxford Lane Capital Stock Performance

The business has a 50 day simple moving average of $25.73 and a 200 day simple moving average of $25.67.

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