On 1/15/15, 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 1/30/15. As a percentage of OXLCP's recent share price of $25.44, 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 1/15/15. On an annualized basis, the current yield is approximately 8.38%, which compares to an average yield of 5.73% in the "Financial" preferred stock category, according to Preferred Stock Channel.

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As of last close, OXLCP was trading at a 1.48% premium to its liquidation preference amount, versus the average premium of 1.30% 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 Tuesday trading, Oxford Lane Capital Corporation's 8.50% Preferred Stock Series 2017 ( OXLCP) is currently up about 0.3% on the day, while the common shares ( OXLC) are up about 0.5%.