Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL – Get Free Report) was up 0.1% during mid-day trading on Friday following a dividend announcement from the company. The company traded as high as $23.98 and last traded at $23.88. Approximately 8,788 shares changed hands during mid-day trading, an increase of 153% from the average daily volume of 3,467 shares. The stock had previously closed at $23.86.
The newly announced dividend which will be paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th will be issued a dividend of $0.4219 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.69 annualized dividend and a dividend yield of 7.07%.
Oxford Lane Capital Corp. 6.75% Notes due 2031 Price Performance
The business’s 50-day moving average price is $24.16 and its two-hundred day moving average price is $23.98.
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.
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