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

Prospect Capital Corporation (NASDAQ:PSEC) announced a monthly dividend on Thursday, November 6th. Shareholders of record on Tuesday, November 25th will be given a dividend of 0.045 per share by the financial services provider on Thursday, December 18th. This represents a c) dividend on an annualized basis and a yield of 21.2%. The ex-dividend date of this dividend is Tuesday, November 25th.

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 Price Performance

PSEC opened at $2.55 on Friday. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of -1.90 and a beta of 0.86. The stock has a fifty day moving average price of $2.74 and a 200 day moving average price of $3.09. 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 1 year low of $2.52 and a 1 year high of $5.28.

Prospect Capital (NASDAQ:PSEC) last announced its quarterly earnings results on Tuesday, August 26th. The financial services provider reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. Prospect Capital had a negative net margin of 69.68% and a positive return on equity of 12.14%. The company had revenue of $166.95 million for the quarter, compared to analyst estimates of $167.08 million.

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.