Shares of Oxford Lane Capital Corp. (NASDAQ:OXLCM – Get Free Report) rose 0.2% during mid-day trading on Thursday . The stock traded as high as $25.11 and last traded at $25.0360. 21,800 shares changed hands during trading, an increase of 29% from the average session volume of 16,951 shares. The stock had previously closed at $24.99.
Oxford Lane Capital Stock Up 0.2%
The business’s 50 day moving average is $25.15 and its 200 day moving average is $25.01.
Oxford Lane Capital Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a $0.1719 dividend. The ex-dividend date is Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.
Oxford Lane Capital Company Profile
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. Oxford Lane Capital Corp was formed on June 9, 2010 and is domiciled in the United States.
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