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.
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%.