Cash Dividend On The Way From Oxford Lane Capital Corporation's 8.50% Preferred Stock Series 2017

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.

START SLIDESHOW:
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

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:

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 up about 0.8%.

More from Stocks

10 Stocks Goldman Sachs Thinks Will Crush the S&P 500's Performance in 2019

10 Stocks Goldman Sachs Thinks Will Crush the S&P 500's Performance in 2019

Dropbox Is the New Defensive Stock to Own With the Market Falling Apart

Dropbox Is the New Defensive Stock to Own With the Market Falling Apart

3 Warning Signs the Stock Market Could Collapse

3 Warning Signs the Stock Market Could Collapse

Dow Tumbles as Trump Ratchets Up China Trade Fight

Dow Tumbles as Trump Ratchets Up China Trade Fight

This Should Be Your Retirement Savings Plan When the Stock Market Crashes

This Should Be Your Retirement Savings Plan When the Stock Market Crashes