Prospect Capital: The Yield Is Not Worth The Risk [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
12min Summary Prospect Capital has consistently failed to generate sufficient cash flow to cover dividends, leading to a significant risk of future dividend cuts. The company's NAV per share has declined substantially, eroding shareholder value due to poor financial management and unproductive investments. Issuing preferred stock has diluted common shareholders' value and further strained dividend coverage, with cash available for common dividends covering only 63% in FY 2024. The increasing use of PIK interest and rising preferred dividends are exacerbating the financial strain, making Prospect Capital a poor investment choice. Editor's note: Seeking Alpha is proud to welcome Steve Richter as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » peshkov Introduction Prospect Capital ( NA
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PSEC
News
- Prospect Capital Corporation Hosting Upcoming Webinar: “Preferred Stock as a Low Volatility, Downside Protected, and Income Generating Asset Class” [Yahoo! Finance]Yahoo! Finance
- Prospect Capital Corporation Hosting Upcoming Webinar: “Preferred Stock as a Low Volatility, Downside Protected, and Income Generating Asset Class”GlobeNewswire
- Prospect Capital Co. (NASDAQ: PSEC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Scott Bessent Appointment Makes This 11% Yield A ‘Screaming Buy' [Forbes]Forbes
- National Property REIT Corp. Exits Dylan at Grayson Investment with 1.7 Times Cash on Cash Return [Yahoo! Finance]Yahoo! Finance
PSEC
Earnings
- 5/8/24 - In-Line
PSEC
Sec Filings
- 12/19/24 - Form POS
- 12/18/24 - Form 8-K
- 12/18/24 - Form 424B2
- PSEC's page on the SEC website