Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Trading Down 0.5% – Here’s Why

Posted by James Quigley on Feb 23rd, 2025

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL – Get Free Report) shares traded down 0.5% on Friday . The company traded as low as $23.65 and last traded at $23.72. 4,190 shares were traded during trading, an increase of 85% from the average session volume of 2,267 shares. The stock had previously closed at $23.83.

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

The stock’s 50 day moving average price is $23.59 and its two-hundred day moving average price is $23.95.

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

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

Oxford Lane Capital Corp. 6.75% Notes due 2031 Company Profile

(Get Free Report)

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.