Looking at the universe of stocks we cover at Dividend Channel, on 9/28/15, Oxford Lane Capital Corporation (OXLC) will trade ex-dividend, for its quarterly dividend of $0.60, payable on 10/30/15. As a percentage of OXLC's recent stock price of $13.99, this dividend works out to approximately 4.29%, so look for shares of Oxford Lane Capital Corporation to trade 4.29% lower — all else being equal — when OXLC shares open for trading on 9/28/15.

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

Below is a dividend history chart for OXLC, showing historical dividends prior to the most recent $0.60 declared by Oxford Lane Capital Corporation:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from OXLC is likely to continue, and whether the current estimated yield of 17.16% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of OXLC shares, versus its 200 day moving average:

Oxford Lane Capital Corporation 200 Day Moving Average Chart

Looking at the chart above, OXLC's low point in its 52 week range is $10.50 per share, with $16.50 as the 52 week high point — that compares with a last trade of $13.99.

According to Preferred Stock Channel, there is a series of preferred stock that is senior to OXLC, which trades under the symbol OXLCP — more info ».

In Thursday trading, Oxford Lane Capital Corporation shares are currently off about 0.6% on the day.