Oxford Lane Capital Corp. (NASDAQ:OXLCM – Get Free Report)’s share price dropped 0.8% during trading on Wednesday . The company traded as low as $25.14 and last traded at $25.17. Approximately 21,101 shares were traded during mid-day trading, an increase of 38% from the average daily volume of 15,278 shares. The stock had previously closed at $25.38.
Oxford Lane Capital Trading Down 0.8%
The business’s 50 day simple moving average is $25.10 and its 200 day simple moving average is $25.01.
Oxford Lane Capital Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be given a dividend of $0.1719 per share. The ex-dividend date is Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 8.2%.
About Oxford Lane Capital
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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