This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cash Dividend On The Way From Oxford Lane Capital Corporation's Preferred Stock Series 2017

On 10/16/13, Oxford Lane Capital Corporation's 8.50% Preferred Stock Series 2017 (OXLCP) will trade ex-dividend, for its monthly dividend of $0.1771, payable on 10/31/13. As a percentage of OXLCP's recent share price of $26.25, this dividend works out to approximately 0.67%, so look for shares of OXLCP to trade 0.67% lower — all else being equal — when OXLCP shares open for trading on 10/16/13. On an annualized basis, the current yield is approximately 8.12%, which compares to an average yield of 6.02% in the "Financial" preferred stock category, according to Preferred Stock Channel.

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

As of last close, OXLCP was trading at a 4.76% premium to its liquidation preference amount. The chart below shows the one year performance of OXLCP shares, versus OXLC:

Performance Comparison Chart



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:

OXLCP+Dividend+History+Chart


Three Months Free, a $100 Value, Just Submit Your Top Stock Pick! (Offer ends 11/10/2013)



In Monday trading, Oxford Lane Capital Corporation's 8.50% Preferred Stock Series 2017 (OXLCP) is currently up about 0.2% on the day, while the common shares (OXLC) are off about 0.2%.

null

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs