On 3/11/16, 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 3/28/16. As a percentage of OAKS.PRA's recent share price of $17.45, this dividend works out to approximately 1.04%, so look for shares of OAKS.PRA to trade 1.04% lower - all else being equal - when OAKS.PRA shares open for trading on 3/11/16. On an annualized basis, the current yield is approximately 12.54%, which compares to an average yield of 7.39% 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:
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:
In Wednesday 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 down about 0.9%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
