Prospect Capital Co. (NASDAQ:PSEC – Get Free Report) announced a monthly dividend on Tuesday, November 12th,Wall Street Journal reports. Investors of record on Friday, December 27th will be given a dividend of 0.045 per share by the financial services provider on Wednesday, January 22nd. This represents a $0.54 annualized dividend and a dividend yield of 12.50%. The ex-dividend date of this dividend is Friday, December 27th.
Prospect Capital has increased its dividend by an average of 13.6% annually over the last three years. Prospect Capital has a payout ratio of 118.0% 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 Stock Up 1.2 %
Shares of PSEC stock traded up $0.05 during trading on Wednesday, hitting $4.32. 769,677 shares of the company were exchanged, compared to its average volume of 2,292,941. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.48. The business’s 50-day simple moving average is $5.23 and its 200 day simple moving average is $5.34. Prospect Capital has a twelve month low of $4.15 and a twelve month high of $6.30.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. StockNews.com cut shares of Prospect Capital from a “hold” rating to a “sell” rating in a report on Friday, August 30th. Wells Fargo & Company cut their price objective on shares of Prospect Capital from $5.00 to $4.50 and set an “underweight” rating on the stock in a research report on Friday, August 30th.
Check Out Our Latest Research Report on Prospect Capital
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.
Recommended Stories
- Five stocks we like better than Prospect Capital
- Stock Analyst Ratings and Canadian Analyst Ratings
- SoundHound AI Will Advance By Triple Digits in 2025: Here’s Why
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- Celsius Holdings: Big Drop, Big Opportunity? Analysts Say Yes
- Energy and Oil Stocks Explained
- Is Palantir’s AI Edge Enough to Justify Its Price?
Receive News & Ratings for Prospect Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prospect Capital and related companies with MarketBeat.com's FREE daily email newsletter.