Prospect Capital dividend – Prospect Capital Corp Declares 0.06 Cash Dividend
February 13, 2023
Dividends Yield
Prospect Capital dividend – On February 9 2023, Prospect Capital ($LTS:0R25) Corp declared a dividend of 0.06 USD per share. This marks the fourth consecutive year in which Prospect Capital has paid its shareholders a dividend, and represents a yield of 15.42%. This dividend is lower than the 16.16% and 16.16% dividend yields of the prior two years, but still higher than the average dividend yield of 15.91%. If you are looking for a dividend stock, Prospect Capital could be a viable option. The company has a track record of paying dividends, and its current yield offers investors an attractive return. Furthermore, the ex-dividend date is February 23 2023, which means that investors who purchase the stock prior to this date are eligible for the dividend payment.
Prospect Capital is a specialty finance company that operates as an investment advisor in the US and Canada. The company invests in a variety of assets, including debt securities, limited partnerships and private equity investments. It also provides capital raising services to both public and private companies. In addition to its dividend policy, Prospect Capital also offers potential investors significant capital appreciation opportunities through its portfolio of investments. Overall, Prospect Capital offers investors an attractive yield from its dividend policy and potential capital appreciation through its portfolio of investments. It is worth considering for those looking for a dividend stock or an investment opportunity.
Market Price
Prospect Capital‘s stock opened at €3.7 and closed at €3.7 on Thursday after the declaration of this dividend. Prospect Capital’s dividend policy is designed to enable shareholders to reap the rewards from their investments in the company. This dividend provides shareholders with a fixed income over time in return for their ownership of Prospect Capital’s stock. As a result, investors receive a steady stream of income from this dividend, which can help to offset risks associated with stock market fluctuations. They have a diversified portfolio of investments and focus on providing capital to companies with high growth potential. This dividend highlights their commitment to rewarding shareholders for their investment.
In addition to providing capital to businesses, Prospect Capital also provides advisory services to help grow and strengthen companies. They offer a range of solutions including mergers and acquisitions, debt restructuring, and equity funding. This allows them to provide tailored solutions to help companies reach their potential. They have built a reputation for providing quality investment opportunities for investors, and their commitment to rewarding shareholders through the 0.06 cash dividend per share is yet another example of their commitment to their investors. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Prospect Capital. More…
| Total Revenues | Net Income | Net Margin |
| 140.23 | 50.94 | 68.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Prospect Capital. More…
| Operations | Investing | Financing |
| -691.18 | – | 716.24 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Prospect Capital. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.89k | 3.92k | 9.94 |
Key Ratios Snapshot
Some of the financial key ratios for Prospect Capital are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -11.1% | – | – |
| FCF Margin | ROE | ROA |
| -492.9% | 1.5% | 0.8% |
Analysis – Prospect Capital Stock Fair Value Calculation
GoodWhale’s analysis of PROSPECT CAPITAL reveals that it is currently trading at €3.7 per share, which is 20.5% below its fair value. Our proprietary Valuation Line was used to determine the fair value, which is approximately €4.7. Analyzing the company’s financial performance, our valuation methodology takes into account various factors such as its current debt-to-equity ratio, net asset value and discounted cash flow. We have also taken into consideration PROSPECT CAPITAL’s operating income, net profit and balance sheet strength to determine the fair value of its shares. This suggests that the stock is undervalued and suggests that investors should consider investing in the company’s shares in order to capture this potential upside. Overall, PROSPECT CAPITAL is currently trading at a significant discount, and investors may benefit from taking advantage of this opportunity to buy the stock below its fair value. More…
Summary
Investing in PROSPECT CAPITAL can be an attractive income-generating option for investors due to its annual dividend yield of 15.91%. For the past three years, the company has consistently issued a dividend per share of 0.72 USD and the upcoming ex-dividend date is February 23, 2023. The dividend yield has been steadily increasing since 2021, yielding 16.16%, 16.16%, and 15.42% in 2021, 2022 and 2023 respectively. The dividend yield is expected to remain at a similar level going forward, making it a reliable source of income for investors.
Additionally, PROSPECT CAPITAL is a well-capitalized company with a strong balance sheet, making it a relatively low risk investment option. The company has consistently paid out dividends on time and has been able to weather the recent market volatility relatively well. As such, investors looking for a consistent and reliable source of income could consider investing in PROSPECT CAPITAL as part of their portfolio.
