Oxford Lane Capital (NASDAQ:OXLCI) Shares Down 0.4% – What’s Next?

Oxford Lane Capital Corp. (NASDAQ:OXLCI)’s stock price fell 0.4% during mid-day trading on Thursday . The stock traded as low as $25.62 and last traded at $25.66. 5,586 shares changed hands during trading, an increase of 22% from the average session volume of 4,579 shares. The stock had previously closed at $25.77.

Oxford Lane Capital Stock Performance

The business has a 50 day moving average of $25.72 and a 200 day moving average of $25.71.

Oxford Lane Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a $0.5469 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.5%.

Oxford Lane Capital Corp is a closed-end management investment company that seeks to generate current income by investing primarily in debt and debt-related securities of U.S. middle market companies. The firm focuses on senior secured loans, mezzanine debt, unitranche facilities and other structured credit instruments, and may also hold equity or equity-related investments such as collateralized loan obligation (CLO) equity tranches. By targeting cash-flow-oriented businesses, the company aims to deliver regular distributions to its shareholders.

Since its initial public offering in late 2012, Oxford Lane Capital has deployed capital across a diverse mix of industries, including manufacturing, business services and healthcare.