On 5/15/14, 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 5/30/14. As a percentage of OXLCP's recent share price of $26.00, 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 5/15/14. On an annualized basis, the current yield is approximately 8.18%, which compares to an average yield of 5.69% in the "Financial" 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 Tuesday trading, Oxford Lane Capital Corporation's 8.50% Preferred Stock Series 2017 (Symbol: OXLCP) is currently trading flat on the day, while the common shares (Symbol: OXLC) are up about 0.5%.
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