Oxford Lane Capital Preferred Stock Series 2017 About To Put More Money In Your Pocket

On 8/14/14, 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 8/31/14. As a percentage of OXLCP's recent share price of $25.82, this dividend works out to approximately 0.69%, so look for shares of OXLCP to trade 0.69% lower — all else being equal — when OXLCP shares open for trading on 8/14/14. On an annualized basis, the current yield is approximately 8.21%, which compares to an average ...