Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Trading Down 0.5% – Here’s Why

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) fell 0.5% during mid-day trading on Friday . The company traded as low as $23.65 and last traded at $23.72. 4,190 shares were traded during trading, an increase of 85% from the average session volume of 2,267 shares. The stock had previously closed at $23.83.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Stock Performance

The stock’s 50-day moving average is $23.59 and its 200-day moving average is $23.95.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Saturday, March 15th will be given a dividend of $0.4219 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.69 dividend on an annualized basis and a yield of 7.12%. This is a positive change from Oxford Lane Capital Corp. 6.75% Notes due 2031’s previous quarterly dividend of $0.42.

About Oxford Lane Capital Corp. 6.75% Notes due 2031

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.