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

On 8/16/13, 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 8/30/13. As a percentage of OXLCP's recent share price of $25.95, 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 8/16/13. On an annualized basis, the current yield is approximately 8.13%, which compares to an average yiel...