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Prospect Capital Corporation Message Board

  • bacon2bacon bacon2bacon Jul 21, 2014 5:11 PM Flag

    From today's S/A article:

    Prospect is well diversified, with investments in a wide range of industries such as aerospace and defense, electronics, energy, financial services, media, pharmaceuticals, retail, software, etc.

    ***The company has positive exposure to rising interest rates. In fact, just a 5% increase in rates would increase the company's net investment income by $.30 per share or $109.9 million, according to the company presentation. This is a major plus, as I feel that interest rates will most certainly rise over the coming years.

    For these reasons and more, I think Prospect Capital is one of the best monthly dividend paying stocks you can find. I hold shares of this BDC in a Roth IRA account, where the dividends are re-invested and compound every single month.

    ***I particularly like the second paragraph as it relates to an interest rate increase.

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