Oxford Lane Capital (NASDAQ:OXLCN) Stock Price Up 0.9%

Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Rating)’s stock price rose 0.9% during mid-day trading on Friday . The stock traded as high as $23.10 and last traded at $23.10. Approximately 250 shares traded hands during trading, a decline of 92% from the average daily volume of 2,966 shares. The stock had previously closed at $22.90.

Oxford Lane Capital Stock Performance

The business’s 50 day moving average price is $22.83.

Oxford Lane Capital Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 17th were paid a dividend of $0.1484 per share. This represents a dividend yield of 7.94%. The ex-dividend date was Thursday, March 16th.

Oxford Lane Capital Company Profile

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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.