Markets

Ex-Div Reminder for Five Oaks Investment Corp's 8.75% Series A Cumulative Redeemable Preferred Stock

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Shutterstock photo

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On 5/11/17, 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 5/30/17. As a percentage of OAKS.PRA's recent share price of $24.94, 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 5/11/17. On an annualized basis, the current yield is approximately 8.74%, which compares to an average yield of 6.87% 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 Tuesday trading, Five Oaks Investment Corp's 8.75% Series A Cumulative Redeemable Preferred Stock (Symbol: OAKS.PRA) is currently off about 0.3% on the day, while the common shares (Symbol: OAKS) are off about 0.6%.

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.


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