Prospect Capital Corporation (PSEC) Social Stream

Prospect Capital Corporation (PSEC)

Today's Latest Price: $5.38 USD

0.06 (1.13%)

Updated Dec 3 12:46pm

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Overall POWR Rating

POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank

Industry Rank:

Ranked of 55 in Private Equity

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Featured Post From StockTwits About PSEC

$PSEC Low volatility. 13% dividend. Got through 08 alright. Only thing is the dividend is very much all over the place. I'm seeing a 100% payout ratio, so I guess they just literally give everything they make to shareholders, hence the high yield. The problem is there's no way to really know if it'll be reliable. They've got to get things a bit more under control. But if it's literally like "We'll do our best, and give you everything we make in a given year, and that could be a lot or a little," then maybe that's just how it is. Along with cap app, this may not be bad. They used to pay a 0.40 quarterly dividend or $1.60 per year when their SP was in the $2-3 range. And they paid that pretty consistently for some years, even increasing it during/after 08. Then they switched to monthly payments, which have been steadily decreasing over the last 5 years. Seems like they just haven't quite found their groove with it yet. I'll be watching, but this was just an interesting one that came up.
2wired2trade, published December 1, 2020

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