Prospect Capital Co. (NASDAQ:PSEC) declared a monthly dividend on Friday, February 9th, Wall Street Journal reports. Stockholders of record on Monday, April 30th will be given a dividend of 0.06 per share by the financial services provider on Thursday, May 24th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.64%. The ex-dividend date of this dividend is Friday, April 27th.
Prospect Capital (NASDAQ PSEC) opened at $6.77 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 4.32 and a quick ratio of 2.63. Prospect Capital has a 1 year low of $5.51 and a 1 year high of $9.58. The company has a market cap of $2,540.00, a P/E ratio of 11.88 and a beta of 0.48.
Prospect Capital (NASDAQ:PSEC) last released its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. Prospect Capital had a net margin of 31.02% and a return on equity of 8.36%. The company had revenue of $162.40 million during the quarter, compared to analyst estimates of $153.94 million. During the same period last year, the business earned $0.28 earnings per share. Prospect Capital’s revenue was down 11.5% compared to the same quarter last year. analysts predict that Prospect Capital will post 0.72 EPS for the current fiscal year.
A number of research firms have recently commented on PSEC. BidaskClub upgraded shares of Prospect Capital from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. ValuEngine upgraded shares of Prospect Capital from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. BMO Capital Markets restated a “hold” rating and issued a $7.00 price objective on shares of Prospect Capital in a research report on Monday, January 8th. Zacks Investment Research downgraded shares of Prospect Capital from a “buy” rating to a “hold” rating in a research note on Saturday, January 20th. Finally, National Securities lowered their target price on shares of Prospect Capital from $5.00 to $4.00 and set a “sell” rating on the stock in a research note on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $6.81.
TRADEMARK VIOLATION WARNING: This piece of content was first published by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another site, it was stolen and reposted in violation of US and international copyright law. The original version of this piece of content can be viewed at https://www.com-unik.info/2018/02/10/prospect-capital-co-psec-plans-monthly-dividend-of-0-06.html.
Prospect Capital Company Profile
Prospect Capital Corporation is a financial services company. The Company primarily lends to and invests in middle market privately held companies. The Company is a closed-end investment company. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.
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.