Prospect Capital Corp (PSEC)

[blackcat]

One thing I really like about PSEC is the way they announce the dividends. Makes for easier planning.

Prospect Capital Corporation (NASDAQ:PSEC) (“Prospect”) announced today that Prospect has declared monthly cash distributions to shareholders in the following amounts and with the following record and payment dates:

8.333 cents per share for September 2016 (record date of September 30, 2016 and payment date of October 20, 2016); and

8.333 cents per share for October 2016 (record date of October 31, 2016 and payment date of November 17, 2016).

These distributions mark Prospect’s 98th and 99th consecutive cash distributions to shareholders.

Prospect’s closing stock price of $8.45 as of August 24, 2016 delivers to shareholders a current dividend yield of 11.8%.

Based on past distributions and assuming its current share count for upcoming distributions, Prospect since inception through its October 2016 distribution will have distributed $15.12 per share to original shareholders, exceeding $2.0 billion in cumulative distributions to all shareholders.

Prospect expects to declare its November 2016, December 2016 and January 2017 distributions in November 2016.