On 4/14/15, 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 4/30/15. As a percentage of OXLCP's recent share price of $25.90, this dividend works out to approximately 0.68%, so look for shares of OXLCP to trade 0.68% lower — all else being equal — when OXLCP shares open for trading on 4/14/15. On an annualized basis, the current yield is approximately 8.22%, which compares to an average yield of 5.73% in the "Financial" preferred stock category, according to Preferred Stock Channel.As of last close, OXLCP was trading at a 3.52% premium to its liquidation preference amount, versus the average premium of 3.26% in the "Financial" category. The chart below shows the one year performance of OXLCP shares, versus OXLC: 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: In Friday trading, Oxford Lane Capital Corporation's 8.50% Preferred Stock Series 2017 ( OXLCP) is currently up about 0.1% on the day, while the common shares ( OXLC) are up about 0.5%.
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