Prospect Capital Co. (PSEC) To Go Ex-Dividend on January 29th

Prospect Capital Co. (NASDAQ:PSEC) announced a monthly dividend on Wednesday, November 13th,Wall Street Journal reports. Shareholders of record on Wednesday, January 29th will be paid a dividend of 0.045 per share by the financial services provider on Wednesday, February 19th. This represents a $0.54 annualized dividend and a yield of 12.33%. The ex-dividend date of this dividend is Wednesday, January 29th.

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 100.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

Prospect Capital Stock Up 2.3 %

PSEC stock opened at $4.38 on Friday. The business’s 50 day moving average price is $5.19 and its two-hundred day moving average price is $5.33. 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 company has a market capitalization of $1.91 billion, a price-to-earnings ratio of -16.85 and a beta of 1.00. Prospect Capital has a fifty-two week low of $4.15 and a fifty-two week high of $6.30.

Prospect Capital (NASDAQ:PSEC) last released its earnings results on Friday, November 8th. The financial services provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. Prospect Capital had a positive return on equity of 12.19% and a negative net margin of 2.23%. The business had revenue of $196.31 million for the quarter.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wells Fargo & Company lowered their price objective on Prospect Capital from $5.00 to $4.50 and set an “underweight” rating on the stock in a research report on Friday, August 30th. StockNews.com downgraded shares of Prospect Capital from a “hold” rating to a “sell” rating in a report on Friday, August 30th.

About Prospect Capital

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.