Oxford Lane Capital (NASDAQ:OXLCI) Stock Price Down 0.2% – Here’s What Happened

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLCI) traded down 0.2% during mid-day trading on Friday. The stock traded as low as $25.05 and last traded at $25.08. 12,998 shares traded hands during mid-day trading, an increase of 106% from the average daily volume of 6,313 shares. The stock had previously closed at $25.12.

Oxford Lane Capital Trading Down 0.2%

The company has a 50 day simple moving average of $25.51 and a 200 day simple moving average of $25.56.

Oxford Lane Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be paid a $0.5469 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.7%.

Oxford Lane Capital Corp. is a closed-end investment company that seeks to provide income and preserve capital through investments in collateralized loan obligations (CLOs). The company primarily invests in the equity and junior debt tranches of CLOs, which are securities backed by portfolios of senior secured loans made to businesses.

Oxford Lane’s portfolio may also include other structured credit investments and debt securities related to CLO transactions. Its investments generally provide exposure to corporate lending markets in the United States and Europe, although the composition of the portfolio may change over time.