Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ) Stock Price Up 0% Following Dividend Announcement

Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ)’s stock price traded up 0% on Tuesday after the company announced a dividend. The stock traded as high as $25.08 and last traded at $25.06. Approximately 1,281 shares traded hands during trading, a decline of 79% from the average session volume of 6,059 shares. The stock had previously closed at $25.05.

The newly announced dividend which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be paid a dividend of $0.3125 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.0%.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Stock Up 0.0%

The business has a fifty day moving average of $24.89 and a 200 day moving average of $24.73.

About Oxford Lane Capital Corp. 5.00% Notes due 2027

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.