Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL – Get Free Report)’s stock price rose 0.1% on Monday. The stock traded as high as $23.93 and last traded at $23.84. 1,806 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 3,521 shares. The stock had previously closed at $23.82.
Oxford Lane Capital Corp. 6.75% Notes due 2031 Trading Down 0.5%
The firm’s fifty day moving average is $24.27 and its 200-day moving average is $24.26.
Oxford Lane Capital Corp. 6.75% Notes due 2031 Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a $0.4219 dividend. This represents a $1.69 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Tuesday, December 15th.
About Oxford Lane Capital Corp. 6.75% Notes due 2031
Oxford Lane Capital Corp. is a closed-end management investment company that focuses primarily on investing in collateralized loan obligation (CLO) securities. Its portfolio generally includes equity and junior debt tranches of CLOs, which are investment vehicles backed mainly by pools of senior secured corporate loans.
The company seeks to generate current income and, to a lesser extent, capital appreciation through its investments. CLO equity and subordinated debt can provide exposure to the performance of the underlying corporate loan markets, while also carrying greater credit and market risk than senior CLO tranches.
Oxford Lane Capital Corp.
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