Prospect Capital Corporation Announces Monthly Dividend of $0.05 (NASDAQ:PSEC)

Prospect Capital Corporation (NASDAQ:PSEC) declared a monthly dividend on Monday, February 9th. Investors of record on Wednesday, February 25th will be given a dividend of 0.045 per share by the financial services provider on Thursday, March 19th. This represents a c) dividend on an annualized basis and a dividend yield of 19.9%. The ex-dividend date of this dividend is Wednesday, February 25th.

Prospect Capital has decreased its dividend by an average of 0.0%annually over the last three years. Prospect Capital has a payout ratio of 114.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Prospect Capital Stock Up 4.0%

PSEC opened at $2.72 on Tuesday. The stock’s fifty day simple moving average is $2.68 and its 200 day simple moving average is $2.75. Prospect Capital has a 1-year low of $2.45 and a 1-year high of $4.47. The stock has a market cap of $1.28 billion, a PE ratio of -3.14 and a beta of 0.89. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.64.

Prospect Capital (NASDAQ:PSEC) last announced its earnings results on Monday, February 9th. The financial services provider reported $0.19 EPS for the quarter, topping the consensus estimate of $0.10 by $0.09. The business had revenue of $176.00 million during the quarter, compared to the consensus estimate of $156.34 million. Prospect Capital had a negative net margin of 42.50% and a positive return on equity of 12.29%.

About Prospect Capital

Prospect Capital Corporation is a publicly traded business development company listed on the Nasdaq stock exchange that specializes in providing private debt and equity financing solutions to middle-market companies across the United States. Structured as a closed-end, non-diversified management investment company under the Investment Company Act of 1940, Prospect Capital offers investors access to a diversified portfolio of senior secured loans, subordinated debt and selective equity interests in privately held businesses.

Since its founding in 2004, Prospect Capital has focused on tailoring financing structures to meet the growth, acquisition and recapitalization needs of its portfolio companies.