On 6/16/14, Oxford Lane Capital Corporation's 8.50% Preferred Stock Series 2017 (Symbol: OXLCP) will trade ex-dividend, for its monthly dividend of $0.1771, payable on 6/30/14. As a percentage of OXLCP's recent share price of $25.86, this dividend works out to approximately 0.68%, so look for shares of OXLCP to trade 0.68% lower - all else being equal - when OXLCP shares open for trading on 6/16/14. On an annualized basis, the current yield is approximately 8.21%, which compares to an average yield of 8.17% in the "Investment Brokerages" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of OXLCP shares, versus OXLC:
Below is a dividend history chart for OXLCP, showing historical dividends prior to the most recent $0.1771 on Oxford Lane Capital Corporation's 8.50% Preferred Stock Series 2017:
In Thursday trading, Oxford Lane Capital Corporation's 8.50% Preferred Stock Series 2017 (Symbol: OXLCP) is currently off about 0.2% on the day, while the common shares (Symbol: OXLC) are up about 0.8%.
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.
