Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL – Get Free Report)’s share price was up 0.5% on Wednesday . The company traded as high as $24.00 and last traded at $24.0350. Approximately 6,036 shares traded hands during trading, an increase of 35% from the average daily volume of 4,463 shares. The stock had previously closed at $23.91.
Oxford Lane Capital Corp. 6.75% Notes due 2031 Stock Performance
The business has a 50-day moving average price of $23.97 and a two-hundred day moving average price of $23.76.
Oxford Lane Capital Corp. 6.75% Notes due 2031 Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Sunday, 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 7.0%. The ex-dividend date is Friday, March 13th.
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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