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Five Oaks Investment Corp's 8.75% Series A Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon


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On 3/14/18, Five Oaks Investment Corp's 8.75% Series A Cumulative Redeemable Preferred Stock (Symbol: OAKS.PRA) will trade ex-dividend, for its monthly dividend of $0.1823, payable on 3/27/18. As a percentage of OAKS.PRA's recent share price of $25.06, this dividend works out to approximately 0.73%, so look for shares of OAKS.PRA to trade 0.73% lower - all else being equal - when OAKS.PRA shares open for trading on 3/14/18. On an annualized basis, the current yield is approximately 8.73%, which compares to an average yield of 7.00% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of OAKS.PRA shares, versus OAKS:

Performance Comparison Chart

Below is a dividend history chart for OAKS.PRA, showing historical dividends prior to the most recent $0.1823 on Five Oaks Investment Corp's 8.75% Series A Cumulative Redeemable Preferred Stock:

OAKS.PRA+Dividend+History+Chart

In Monday trading, Five Oaks Investment Corp's 8.75% Series A Cumulative Redeemable Preferred Stock (Symbol: OAKS.PRA) is currently trading flat on the day, while the common shares (Symbol: OAKS) are up about 1.8%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing



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