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

Prospect Capital Corporation (NASDAQ:PSEC) declared a monthly dividend on Monday, February 9th. Shareholders of record on Tuesday, April 28th will be given a dividend of 0.045 per share by the financial services provider on Tuesday, May 19th. This represents a c) dividend on an annualized basis and a yield of 19.9%. The ex-dividend date of this dividend is Tuesday, April 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 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 Price Performance

Shares of Prospect Capital stock opened at $2.72 on Tuesday. The firm has a market cap of $1.28 billion, a PE ratio of -3.16 and a beta of 0.89. The business has a 50-day moving average price of $2.68 and a 200 day moving average price of $2.75. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.64. Prospect Capital has a twelve month low of $2.45 and a twelve month high of $4.47.

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

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.