Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ) Shares Down 0.1% – Time to Sell?

Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ)’s stock price traded down 0.1% during trading on Thursday . The stock traded as low as $24.73 and last traded at $24.73. Approximately 5,639 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 6,324 shares. The stock had previously closed at $24.75.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Stock Performance

The firm’s 50-day moving average is $24.74 and its 200-day moving average is $24.62.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Company Profile

The Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ: OXLCZ) are senior unsecured debt securities issued by Oxford Lane Capital Corp., a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. These fixed-rate notes carry a 5.00% annual coupon, payable semi-annually, and mature in 2027. They trade on the Nasdaq Capital Market under the ticker symbol OXLCZ, providing investors with an opportunity to gain exposure to the yield generated by Oxford Lane Capital’s diversified investment portfolio.

Oxford Lane Capital Corp.