Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report)’s stock price shot up 0.6% on Monday. The company traded as high as $23.70 and last traded at $23.63. Approximately 1,340 shares changed hands during trading, a decline of 54% from the average session volume of 2,887 shares. The stock had previously closed at $23.50.
Oxford Lane Capital Trading Up 0.2%
The company’s 50 day moving average price is $23.86 and its 200-day moving average price is $23.85.
Oxford Lane Capital Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be given a dividend of $0.1250 per share. This represents a $1.50 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Monday, November 16th.
About Oxford Lane Capital
Oxford Lane Capital Corp. is a closed-end management investment company focused primarily on investments in collateralized loan obligations (CLOs). CLOs are structured investment vehicles that generally hold diversified portfolios of senior secured corporate loans. Oxford Lane seeks to generate current income and long-term total returns through investments in CLO equity and debt tranches, with an emphasis on securities that offer exposure to the cash flows generated by underlying loan portfolios.
The company’s portfolio may include both broadly syndicated and middle-market CLOs.
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