Prospect Capital Corporation (NASDAQ:PSEC) Shareholders to Collect $0.04 Monthly Dividend

Prospect Capital Corporation (NASDAQ:PSEC) declared a monthly dividend on Wednesday, November 4th. Stockholders of record on Wednesday, January 27th will be given a dividend of $0.0350 per share by the financial services provider on Wednesday, February 17th. This represents a $0.42 annualized dividend and a dividend yield of 29.5%. The ex-dividend date is Wednesday, January 27th.

Prospect Capital has decreased its dividend by an average of 0.1% 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 decline. Research analysts expect Prospect Capital to earn $0.35 per share next year, which means the company may not be able to cover its $0.42 annual dividend with an expected future payout ratio of 120.0%.

Prospect Capital Trading Down 1.0%

Shares of PSEC stock traded down $0.01 on Thursday, hitting $1.43. 5,275,880 shares of the stock traded hands, compared to its average volume of 5,117,919. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.87 and a current ratio of 0.87. Prospect Capital has a twelve month low of $1.40 and a twelve month high of $3.12. The firm’s 50-day moving average price is $1.93 and its two-hundred day moving average price is $2.35. The stock has a market capitalization of $760.69 million, a PE ratio of 28.50 and a beta of 0.84.

Prospect Capital (NASDAQ:PSEC) last released its quarterly earnings results on Wednesday, November 4th. The financial services provider reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. The business had revenue of $151.74 million during the quarter, compared to analysts’ expectations of $163.14 million. Prospect Capital had a return on equity of 12.15% and a net margin of 19.33%. As a group, analysts anticipate that Prospect Capital will post 0.38 EPS for the current year.

Prospect Capital Company Profile

Prospect Capital Corporation (NASDAQ:PSEC) is a business development company that provides financing and investment capital to middle-market companies. The company primarily invests in privately held businesses through first-lien and second-lien loans, mezzanine debt, and other debt securities, while also making equity and equity-related investments in selected companies.

Prospect Capital invests across a range of industries and has additional exposure to areas such as real estate, structured credit, and financial services.