Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Trading Up 0.6% – Here’s Why

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL)’s stock price shot up 0.6% during trading on Friday . The stock traded as high as $23.65 and last traded at $23.65. 5,111 shares changed hands during trading, an increase of 79% from the average session volume of 2,855 shares. The stock had previously closed at $23.50.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Trading Up 0.6 %

The firm’s 50-day simple moving average is $23.77 and its 200 day simple moving average is $23.95.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th were given a dividend of $0.4219 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.69 annualized dividend and a dividend yield of 7.14%.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Company Profile

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.