On 7/15/15, 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 7/31/15. As a percentage of OXLCP's recent share price of $25.14, 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 7/15/15. On an annualized basis, the current yield is approximately 8.46%, which compares to an average yield of 5.78% in the "Financial" preferred stock category, according to Preferred Stock Channel.As of last close, OXLCP was trading at a 0.56% premium to its liquidation preference amount, versus the average premium of 0.89% 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 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 up about 0.8%.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Stocks
Jim Cramer: How Oracle's Strategy Is Appealing to Other Companies
Jim Cramer tackles Oracle's earnings and what they mean for the larger Cloud sector.
Tesla Slides After Goldman Price Target Cut Amid 'Sustainable Demand' Questions
Tesla shares traded sharply lower Thursday after analysts at Goldman Sachs cut their price target on the stock while arguing that Wall Street demand forecasts for the clean-energy carmaker are likely too optimistic.