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

Prospect Capital Corporation (NASDAQ:PSEC) declared a monthly dividend on Thursday, November 6th. Shareholders of record on Wednesday, January 28th will be paid a dividend of 0.045 per share by the financial services provider on Wednesday, February 18th. This represents a c) dividend on an annualized basis and a yield of 20.4%. The ex-dividend date of this dividend is Wednesday, January 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 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 Trading Up 3.6%

NASDAQ PSEC traded up $0.09 during trading on Friday, hitting $2.64. The company had a trading volume of 1,708,442 shares, compared to its average volume of 3,262,838. The company’s fifty day moving average is $2.74 and its 200-day moving average is $3.09. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -1.97 and a beta of 0.86. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.70. Prospect Capital has a one year low of $2.52 and a one year high of $4.88.

Prospect Capital (NASDAQ:PSEC) last released its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. The company had revenue of $119.44 million during the quarter, compared to the consensus estimate of $169.53 million. Prospect Capital had a negative net margin of 69.68% and a positive return on equity of 12.14%.

Prospect Capital Company Profile

Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, leveraged buyouts, refinancing, acquisitions, recapitalizations, turnaround, growth capital, development, capital expenditures and subordinated debt tranches of collateralized loan obligations, cash flow term loans, market place lending and bridge transactions.