On 7/16/14, 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 7/31/14. As a percentage of OXLCP's recent share price of $25.83, this dividend works out to approximately 0.69%, so look for shares of OXLCP to trade 0.69% lower — all else being equal — when OXLCP shares open for trading on 7/16/14. On an annualized basis, the current yield is approximately 8.22%, which compares to an average yield of 5.58% in the "Financial" preferred stock category, according to Preferred Stock Channel.

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As of last close, OXLCP was trading at a 3.52% premium to its liquidation preference amount, versus the average premium of 0.64% in the "Financial" category. 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

In Monday trading, Oxford Lane Capital Corporation's 8.50% Preferred Stock Series 2017 ( OXLCP) is currently down about 0.2% on the day, while the common shares ( OXLC) are up about 1.2%.