Prospect Capital: Good Dividend Yield, Not Shareholder Value [Seeking Alpha]
Prospect Capital Corporation - Closed End Fund (PSEC)
Last prospect capital corporation - closed end fund earnings: 2/10 04:02 pm
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US:NASDAQ Investor Relations:
ww2.prospectstreet.com
Company Research
Source: Seeking Alpha
Investing Group Leader Follow Summary Prospect Capital Corp. is ideal for retirees due to its well-covered monthly dividends, low leverage, and significant discount to NAV. However, PSEC has consistently destroyed shareholder value with negative share price returns over the past 3, 5, and 10 years. The company's NAV has declined steadily, underperforming peers even in a high interest rate environment, leading to poor long-term performance. Despite attractive dividends, I rate PSEC a hold due to its negative value creation; a steeper decline with continued strong dividend coverage might warrant a buy rating. A recession could also put the dividend at risk due to the potential rise in non-accruals loans. Looking for more investing ideas like this one? Get them exclusively at iREIT®+HOYA Capital. Learn More » PM Images Introduction There's no denying that Prospect Capital Corp. ( NASDAQ: PSEC ) has been a great dividend stock to hold long term, solely because of th
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PSEC
News
- National Property REIT Corp. Exits Dylan at Grayson Investment with 1.7 Times Cash on Cash Return [Yahoo! Finance]Yahoo! Finance
- National Property REIT Corp. Exits Dylan at Grayson Investment with 1.7 Times Cash on Cash ReturnGlobeNewswire
- Prospect Capital: Out Of The Woods Or Back To The Woodshed? [Seeking Alpha]Seeking Alpha
- Prospect Capital Corporation to Present at the 2024 Markets Group NYC Private Credit Conference [Yahoo! Finance]Yahoo! Finance
- Prospect Capital Management Partners with iCapital to Expand Investment Advisor Access to Closed End Fund (CEF) and Business Development Company (BDC) Opportunities [Yahoo! Finance]Yahoo! Finance
PSEC
Earnings
- 5/8/24 - In-Line
PSEC
Sec Filings
- 11/21/24 - Form POS
- 11/21/24 - Form 4
- 11/21/24 - Form 4
- PSEC's page on the SEC website