Prospect Capital Corporation (PSEC) To Go Ex-Dividend on September 28th

Prospect Capital Corporation (NASDAQ:PSEC) declared a monthly dividend on Thursday, August 20th. Investors of record on Monday, September 28th will be paid a dividend of 0.035 per share by the financial services provider on Wednesday, October 21st. This represents a c) dividend on an annualized basis and a yield of 18.0%. The ex-dividend date is Monday, September 28th.

Prospect Capital has decreased its dividend payment by an average of 0.0%per year 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 Price Performance

NASDAQ PSEC opened at $2.33 on Friday. The business’s fifty day moving average is $2.24 and its 200 day moving average is $2.47. Prospect Capital has a fifty-two week low of $2.11 and a fifty-two week high of $3.13. 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 capitalization of $1.17 billion, a PE ratio of 46.60 and a beta of 0.79.

Prospect Capital (NASDAQ:PSEC) last issued its quarterly earnings results on Thursday, August 20th. The financial services provider reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. Prospect Capital had a return on equity of 12.11% and a net margin of 19.33%.The business had revenue of $155.76 million during the quarter, compared to analysts’ expectations of $149.80 million.

Prospect Capital Company Profile

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.