Prospect Capital Corporation (PSEC) To Go Ex-Dividend on June 26th

Prospect Capital Corporation (NASDAQ:PSEC – Get Free Report) declared a monthly dividend on Tuesday, May 5th. Investors of record on Friday, June 26th will be given a dividend of 0.035 per share by the financial services provider on Wednesday, July 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 18.5%. The ex-dividend date of this dividend is Friday, June 26th.

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% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

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Prospect Capital Stock Up 0.9%

Prospect Capital stock opened at $2.27 on Wednesday. The company has a market capitalization of $1.14 billion, a PE ratio of -6.13 and a beta of 0.78. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.79 and a current ratio of 0.79. Prospect Capital has a fifty-two week low of $2.11 and a fifty-two week high of $3.50. The firm has a 50 day moving average price of $2.44 and a 200 day moving average price of $2.60.

Prospect Capital (NASDAQ:PSEC – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. Prospect Capital had a positive return on equity of 12.03% and a negative net margin of 10.42%.The company had revenue of $150.07 million for the quarter, compared to analysts’ expectations of $163.23 million.

Prospect Capital Company Profile

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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.

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