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Prospect Capital Corporation Message Board

  • shiftsuper175607 shiftsuper175607 Nov 22, 2012 7:40 AM Flag

    What the dividend says to me

    The way That Prospect does their dividend speaks to me.
    A strong dividend (11%) speaks of strength of the company.
    The monthly increases show sustained growth
    The fact that they are small shows they are determined to increase them forever

    They have a dependable track record to have confidence in.

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    • .000025 div increase per month = 1 cent per 33 years

    • You said "They have a dependable track record to have confidence in.'

      Depends on how you look at it Short Term the company has done exactly as you describe. But a few years back ( Long Term) the dividend exceeded earnings and the company attempted to disguise a large cut in dividends by switching to a monthly dividend payment schedule.

      I continue to hold and accumulate shares on pull backs but this company has a long way to go ( many years) of increasing dividends until it reaches the status that you have awarded it. For comparison a company that has earned that status is O and the dividend yield reflects it.

      Just my opinion

      Sentiment: Buy

      • 1 Reply to family2004
      • kidshelleen51 Nov 23, 2012 8:07 AM Flag

        O certainly has a nice track record, if you want a steady 4.6% yield. Given the debacle of 08/09, just about every company I've ever looked at got hit hard in that time period. What seems a bit peculiar is that companies like PNNT or O, that didn't take a hit back then, haven't seen the upside that many of the hardest hit companies did. So I tend to look past the 08/09 mess when it comes to a companies long term history. Just my opinion.

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