Prospect Capital Corp (PSEC)

[Mkoch3]

If you listen to the shareholders meeting or read the transcript, Mr. Oswald makes it clear that one of his major focuses is not only sustaining a dividend but increasing it. They are in the 70's range of consistently raising their dividend. Mr. Oswald believes that shareholder's perception of the dividend is critically important.
They have about $70+ million (someone fact check me) in undistributed reserves that are being excise taxed which is being considered a low interest loan to sustain the dividends even through a rough quarter or multiple quarters in the event they fall under the payout range and they've stated that it's intended use is just that in shareholder's meetings.