Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ) Stock Price Down 0.1% – Time to Sell?

Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ) shares were down 0.1% during trading on Monday . The company traded as low as $24.77 and last traded at $24.78. Approximately 14,626 shares changed hands during trading, an increase of 128% from the average daily volume of 6,429 shares. The stock had previously closed at $24.81.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Trading Down 0.0%

The business’s 50-day moving average price is $24.72 and its 200 day moving average price is $24.57.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Tuesday, September 15th.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Company Profile

The Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ: OXLCZ) are senior unsecured debt securities issued by Oxford Lane Capital Corp., a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. These fixed-rate notes carry a 5.00% annual coupon, payable semi-annually, and mature in 2027. They trade on the Nasdaq Capital Market under the ticker symbol OXLCZ, providing investors with an opportunity to gain exposure to the yield generated by Oxford Lane Capital’s diversified investment portfolio.

Oxford Lane Capital Corp.