Prospect Capital remains one of the smarter BDCs out there, with only 1.3% of its total assets currently in nonaccrual status. The company has not seen any of its loans go into non-accrual status in nearly six years. In addition, many of its investment companies are generating year-over-year and sequential growth in top-line revenues and bottom-line profits. Prospect Capital's dividend is also buffered by having generated cumulative NII in excess of cumulative distributions to shareholders in the current fiscal year of $42.5M, or $0.22 per share.
Prospect Capital is one of the better stocks out there for those looking for monthly income. While a quarter over quarter book value decline is unfortunate, it was nothing major, and only represented about one month of income.