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

On 12/17/14, 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 12/31/14. As a percentage of OXLCP's recent share price of $25.25, this dividend works out to approximately 0.70%, so look for shares of OXLCP to trade 0.70% lower — all else being equal — when OXLCP shares open for trading on 12/17/14. On an annualized basis, the current yield is approximately 8.42%, which compares to an average yield of 5.78% in the "Financial" preferred stock category, according to Preferred Stock Channel.

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As of last close, OXLCP was trading at a 1.04% premium to its liquidation preference amount, versus the average premium of 0.29% 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 trading flat on the day, while the common shares ( OXLC) are off about 2%.

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