UBS reiterates a neutral and $11 price target today. Commentary from them is less than encouraging. If they cut the div., I'm out!
they have been increasing the dividend. Are you a short seller?
Secondary Offerings always drop the Price some.
Normally I wait for it to find some floor then add.
Except...if you're waiting for PSEC to hold one, you'll be waiting a long, long time.
UBS is dumping at 11.02. This is a big mistake. Those shares will be swooped up look for a 11.08 close
You might find the following SA article that was published this AM. It specifically addresses dividend sustainability.
As always, I suggest doing your own DD and not rely too much on analysis.
Wishing you the best
They've already announced the divies through March of 2014 with no cuts, but don't let that stop ya.
It seems like all these high yielders(BDC's, REIT's, leveraged closed end funds) decline in price and dividend payout over time. I would be happy if I could just collect the 12% div year after year and the price was unchanged.