Shares of Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report) passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $24.57 and traded as low as $24.50. Oxford Lane Capital shares last traded at $24.54, with a volume of 880 shares traded.
Oxford Lane Capital Stock Performance
The company has a 50-day moving average of $24.43 and a 200-day moving average of $24.57.
Oxford Lane Capital Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, February 26th. Stockholders of record on Friday, February 12th will be paid a dividend of $0.1484 per share. The ex-dividend date is Friday, February 12th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 7.3%.
Oxford Lane Capital Company Profile
Oxford Lane Capital Corp. is a closed-end investment company that focuses on collateralized loan obligations (CLOs). Its portfolio includes CLO equity and debt securities, which are backed primarily by pools of corporate loans. The company seeks to generate income and capital appreciation through investments across different parts of the CLO capital structure. Its exposure is tied to the leveraged-loan and CLO markets, including securities issued in the United States and other markets. Oxford Lane was formed in 2010 and is externally managed by Oxford Lane Management, LLC.
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