Forbes -
15 Jul 2013 19:33

On 7/17/13, Oxford Lane Capital Corporation's 8.50% Preferred Stock Series 2017 (NASD: OXLCP) will trade ex-dividend, for its monthly dividend of $0.1771, payable on 7/31/13. As a percentage of OXLCP's recent share price of $26.20, 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 7/17/13. On an annualized basis, the current yield is approximately 8.15%, which compares to an average yiel...
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