Prospect Capital Corporation (NASDAQ:PSEC) Announces Monthly Dividend of $0.04

Prospect Capital Corporation (NASDAQ:PSEC) announced a monthly dividend on Thursday, August 20th. Investors of record on Wednesday, October 28th will be paid a dividend of 0.035 per share by the financial services provider on Wednesday, November 18th. This represents a c) annualized dividend and a yield of 18.4%. The ex-dividend date of this dividend is Wednesday, October 28th.

Prospect Capital has decreased its dividend payment by an average of 0.0%annually over the last three years. Prospect Capital has a payout ratio of 89.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.

Prospect Capital Trading Up 1.3%

PSEC stock opened at $2.28 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.79 and a quick ratio of 0.79. Prospect Capital has a 1-year low of $2.11 and a 1-year high of $3.13. The business has a 50 day simple moving average of $2.24 and a two-hundred day simple moving average of $2.47. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -6.16 and a beta of 0.79.

Prospect Capital (NASDAQ:PSEC) last released its quarterly earnings data on Thursday, August 20th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. Prospect Capital had a negative net margin of 10.42% and a positive return on equity of 12.03%. The firm had revenue of $155.76 million for the quarter, compared to analysts’ expectations of $149.80 million.

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.