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

Prospect Capital Corporation (NASDAQ:PSEC) declared a monthly dividend on Thursday, August 20th. Investors of record on Wednesday, October 28th will be given 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 by an average of 0.0%annually over the last three years. Prospect Capital has a dividend 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 tumble.

Prospect Capital Stock Performance

Shares of NASDAQ PSEC opened at $2.28 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $1.14 billion, a P/E ratio of -6.16 and a beta of 0.79. The firm’s fifty day moving average is $2.24 and its two-hundred day moving average is $2.47. Prospect Capital has a 52-week low of $2.11 and a 52-week high of $3.13.

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

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.