PSEC - Prospect Capital Corporation
| Previous Close | 6.69 |
| Open | 6.72 |
| Bid | 6.67 x 40700 |
| Ask | 6.70 x 36100 |
| Day's Range | 6.65 - 6.72 |
| 52 Week Range | 5.70 - 7.60 |
| Volume | 1,079,311 |
| Avg. Volume | 1,731,646 |
| Market Cap | 2.439B |
| Beta (3Y Monthly) | 0.91 |
| PE Ratio (TTM) | 13.25 |
| EPS (TTM) | 0.50 |
| Earnings Date | May 7, 2019 - May 13, 2019 |
| Forward Dividend & Yield | 0.72 (11.04%) |
| Ex-Dividend Date | 2019-04-29 |
| 1y Target Est | 5.00 |
- InvestorPlace•last month
10 High-Yield Monthly Dividend Stocks
[Editor's note: This story was previously published in January 2019. It has since been updated and republished.]Do you ever wish your dividend stocks paid out monthly rather than quarterly? For income-oriented investors who cover their monthly expenses with dividend income, it would certainly be a convenient option.Such instruments actually do exist. In fact, they're more common than many investors may realize. They're also not crimped by catches and restrictions, and their underlying income is driven by very ordinary business models. They look just like their quarterly counterparts.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWith that as the backdrop, here's a rundown of 10 high-yield monthly dividend stocks from a variety of industries and sectors. Some are more familiar names than others, and some are bigger than others. Not all of them have been around for a great length of time either. * 7 Dow Jones Stocks to Buy In all 10 cases, however, there's an attractive monthly payout in store for the foreseeable future. In no particular order…Source: Shutterstock Capitala Finance (CPTA)Dividend Yield: 13%Capitala Finance (NASDAQ:CPTA) primarily provides capital to smaller companies, via a combination of loans and equity investments. Its average funding ranges between $10 million and $50 million, offering investors a chance to plug into small company opportunities that wouldn't otherwise be availableCapitala's strength is its diversity. It owns stakes in companies from the retailing, biotech, industrial, technology and consumer industries just to name a few. Its most recent investment was a piece of a human anatomy app company called Visible Body, which helps medical students and caregivers better understand how the human body physically fits together.More than that, Capitala Finance is yielding a hefty 13% right now.Source: Shutterstock Stellus Capital Investment (SCM)Dividend Yield: 9.36%Also add Stellus Capital Investment (NYSE:SCM) to your list of monthly dividend stocks to scoop up if you're looking for regular monthly income.Like Capitala Finance, Stellus is categorized as a business development company. And also like Capitala, Stellus is focused on so-called "middle market" outfits that may be too big or too risky for traditional loans but too small to raise funds by going public. Its portfolio includes food distributor GoodSource Solutions, home-health product provider Compass Health and business software outfit Valued Relationships Inc, just to name a few. * 7 Chinese Stocks to Buy for the 2019 Rebound It's arguably a little less risky than Capitala, in that most of its investment are in companies currently yielding a (very) positive EBITDA. The trade-off is a lower dividend yield of 9.36%.Source: Shutterstock AGNC Investment (AGNC)Dividend Yield: 12.24%AGNC Investment (NASDAQ:AGNC) is a real estate investment trust, or REIT, primarily focused on the development of a mortgage portfolio. The bulk of the mortgages it owns are made by government-sponsored outfits like Fannie Mae and Freddie Mac. It's a lower-risk approach toward driving monthly income, though still an effective one.AGNC presently yields 12.24% thanks to the stock's 7% slide since August of last year.That pullback was largely rooted in fears that rising interest rates would crimp AGNC Investment's future cash flows, as higher interest rates are presumed to tend to crimp overall lending activity.That's only partly accurate. Higher rates can do mortgage REITs more good than harm if the underlying reason for rising rates is a strong economy.Source: Shutterstock Whitestone REIT (WSR)Dividend Yield: 9.65%REITs, by the way, are pools of money that allow individuals liquid access to real estate investments that wouldn't otherwise be available to most retail investors. And a portfolio of mortgages is hardly the only way to develop a REIT.Case in point: Whitestone REIT (NYSE:WSR). Whitestone owns a portfolio of consumer-oriented real estate, primarily in more affluent neighborhoods, providing space to "ecommerce-resistant" companies like Whole Foods Market, Verizon (wireless phone service) and True Food Kitchen restaurants. It's a brilliant strategy, as more than six straight years of uninterrupted quarterly year-over-year revenue growth verifies. * 7 IPOs to Get Excited for in 2019 Whitestone's trailing yield is 9.65%, which isn't the highest among the monthly dividend stocks in focus, though it's a solid return relative to the risk shareholders are assuming.Source: ReynerMedia via Flickr (Modified) Prospect Capital (PSEC)Dividend Yield: 11.02%It's not the biggest business development company in the world, but somehow Prospect Capital (NASDAQ:PSEC) is still one of the best known. Its portfolio includes several familiar names like JD Power, Capstone Logistics, ACE Cash Express and video media company Cinedigm, just to name a few.It's diversity that has helped smooth out the BDC's bottom line from time to time when it might otherwise be erratic.Either way, the market and analysts may be underestimating the true potential of Prospect. The company has met or topped earnings estimates in each of its past five quarters. Between that and its trailing dividend yield of 11.02%, PSEC may be a smart risk to take. Source: (C)iStock.com/ndoeljindoel Solar Senior Capital (SUNS)Dividend Yield: 8.37%Don't let the name fool you. Solar Senior Capital (NASDAQ:SUNS) doesn't specialize in providing capital to the solar power industry. It is another business development company, and like Prospect and Capitala, it's highly diversified in terms of industry exposure.There is a noteworthy difference between Solar Senior Capital and its BDC peers, however. The organization focuses primarily on senior secured loans of privately owned middle-market companies, which better positions it to, if nothing else, preserve capital. * 10 Blue-Chip Stocks to Lead the Market The trade-off for safety is yield. Solar Senior is only paying out 8.63% of the stock's current price as an annualized dividend. And it's been paying it, and adding to it, faithfully since 2011.Source: Shutterstock Gladstone Investment (GAIN)Dividend Yield: 7.16%Gladstone Investment (NASDAQ:GAIN) is a business development company, but unlike most other BDCs (and unlike any other monthly dividend stocks being discussed within this list). Whereas most of these investment companies seek to make loans, Gladstone is ultimately aiming to acquire smaller but mature companies.It's a riskier proposition, as investors have learned the hard way. The company missed its quarterly earnings estimate at the end of 2018 and shareholders have paid the price. GAIN had lost about 12.4% of its value last year but since has recovered and even met its most recent earnings estimate.There's just something compelling about the growth potential in ownership rather than merely lending. Cross Timbers Royalty Trust (CRT)Dividend Yield: 4.55%They're a relatively rare breed these days, but oil and gas royalty investments are still around and still dishing out dividend income. Cross Timbers Royalty Trust (NYSE:CRT) is one of the remaining names of the ilk, yielding 4.55%.An investment in Cross Timbers is predominantly an investment in oil and gas producing properties found in Texas, Oklahoma and New Mexico. Yes, the fluctuating price of oil and natural gas can impact the trust's bottom line, although not as much as you might think. * 9 High-Growth Stocks to Buy Now for Monster Returns The organization is merely plugged into the production of established and operational wells, and isn't directly taking on the expensive risk of exploration. Global Net Lease (GNL)Dividend Yield: 11.77%Global Net Lease (NYSE:GNL) is another REIT, primarily serving the commercial market. It owns properties in the United States and Europe, and rents to quality tenants like FedEx, Family Dollar and ING Bank, organizations that can not only reliably pay their rent as it comes due, but outfits that tend to stay put once they establish roots.There's a bit of a twist Global Net Lease brings to the table that allows it to juice its payout to its current yield of 11.77%, however. It also acquires much of its rental real estate through an arrangement called a sale-leaseback.In simplest terms, a sale-leaseback lets a property-owning company free up the value of real estate by selling a space it owns to a landlord like Global Net Lease, and then remain in that space as a tenant. It's a win-win scenario, as the renter enjoys a big cash infusion and Global Net Lease has a tenant already lined up.Source: Shutterstock Horizon Technology Finance (HRZN)Dividend Yield: 9.28%Finally, Horizon Technology Finance (NASDAQ:HRZN) has earned a spot on a list of monthly dividend stocks to mull. As the name suggests, Horizon Technology Finance provides capital to young, upcoming technology outfits, though it doesn't cater strictly to the tech sector.It's also heavily involved in the development of life science and biotechnology companies. Its portfolio includes biotech names like AccuVein and Celsion, along with traditional tech plays like cybersecurity company Control Scan and communications technology player Xtera. * 7 Healthy Dividend Stocks to Buy for Extra Stability Its results are as erratic as what you'd expect from major technology names, but it's worth the wild ride. Horizon's yielding 9.28% at its current price, and it has not had any sustained trouble affording its dividend payment.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley.Compare Brokers The post 10 High-Yield Monthly Dividend Stocks appeared first on InvestorPlace.
- GlobeNewswire•2 months ago
Prospect Capital Announces Pricing of $175 Million of 6.375% Convertible Notes due 2025
Prospect Capital Corporation (PSEC) (“Prospect”) announced today the pricing of $175 million in aggregate principal amount of senior unsecured 6.375% Convertible Notes Due 2025 (the “Notes”). Prospect has granted the underwriters a 13-day over-allotment option to purchase up to an additional $26.25 million aggregate principal amount of Notes. The Notes will be convertible into shares of Prospect’s common stock based on an initial conversion rate of 110.7420 shares of Prospect’s common stock per $1,000 principal amount of Notes, which is equivalent to an initial conversion price of approximately $9.03 per share of common stock, representing a 30.68% conversion premium over the last reported sale price of Prospect’s common stock on February 26, 2019, which was $6.91 per share.
- GlobeNewswire•2 months ago
Report: Developing Opportunities within Amazon, Prospect Capital, Alliance Data, Duke Realty, Stellus Capital Investment, and ICON — Future Expectations, Projections Moving into 2019
NEW YORK, Feb. 27, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
- Moody's•2 months ago
Prospect Capital Corporation -- Moody's assigns a Baa3 rating to Prospect Capital's convertible notes
Moody's Investors Service (Moody's) assigned a rating of Baa3 to Prospect Capital Corporation's (PSEC) senior unsecured convertible notes due 2025. Moody's assigned a Baa3 rating to PSEC's senior convertible notes based on PSEC's Baa3 issuer profile, as well as the notes' senior priority in PSEC's capital structure.
- GlobeNewswire•2 months ago
Prospect Capital Corporation Announces Public Offering of Convertible Notes due 2025
Prospect Capital Corporation (PSEC) (“Prospect”) today announced that it is offering, subject to market and other conditions, $150 million in aggregate principal amount of unsecured convertible notes due 2025 (the “Notes”) in an underwritten public offering. Prospect also intends to grant the underwriters for the offering a 13-day overallotment option to purchase up to an additional $22.5 million aggregate principal amount of the Notes. Prospect expects to use a portion of the net proceeds from the sale of the Notes to repurchase from time to time a portion of its 4.75% senior convertible notes due 2020 (the "2020 Notes").
- Thomson Reuters StreetEvents•2 months ago
Edited Transcript of PSEC earnings conference call or presentation 7-Feb-19 4:00pm GMT
Q2 2019 Prospect Capital Corp Earnings Call
Motley Fool•2 months agoProspect Capital Corp (PSEC) Q2 2019 Earnings Conference Call Transcript
PSEC earnings call for the period ending December 31, 2018.
- Markit•2 months ago
See what the IHS Markit Score report has to say about Prospect Capital Corp.
# Prospect Capital Corp ### NASDAQ/NGS:PSEC View full report here! ## Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low ## Bearish sentiment Short interest | Positive Short interest is low for PSEC with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Positive ETF activity is positive. Over the last month, growth of ETFs holding PSEC is favorable, with net inflows of $4 million. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. ## Economic sentiment PMI by IHS Markit | Neutral According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to score@ihsmarkit.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- Zacks•2 months ago
Prospect Capital (PSEC) Q2 Earnings Match Estimates
Prospect Capital (PSEC) delivered earnings and revenue surprises of 0.00% and 2.27%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
- Associated Press•2 months ago
Prospect Capital: Fiscal 2Q Earnings Snapshot
On a per-share basis, the New York-based company said it had a loss of 18 cents. Earnings, adjusted for investment costs, were 22 cents per share. The business development company posted revenue of $187.9 ...
- GlobeNewswire•2 months ago
Prospect Capital Reports December 2018 Quarterly Results and Declares Additional Monthly Distributions
NEW YORK, Feb. 06, 2019 -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced financial results for our second fiscal quarter ended.
- Zacks•2 months ago
What's in Store for Prospect Capital (PSEC) in Q2 Earnings?
Prospect Capital (PSEC) is expected to record a rise in fiscal Q2 earnings driven by modest improvement in investment income.
- GlobeNewswire•2 months ago
Prospect Capital Receives Investment Grade Issuer Rating From Moody's Investors Service, Representing Prospect's Fourth Investment Grade Rating
Prospect Capital Corporation (PSEC) (“Prospect”, “our”, or “we”) today announced it has been assigned an investment grade issuer credit rating of Baa3 with a Stable outlook from Moody's Investors Service (“Moody's”), representing Prospect’s fourth investment grade rating. Prospect has maintained an investment grade rating for the past 10 years since Prospect initiated such public ratings in 2009. Prospect has a laddered maturity schedule with no maturities for the remainder of 2019 and maturities that extend until 2043. As of its last financial report, Prospect had a 75% mix of unencumbered assets, enhancing financial flexibility.
- GlobeNewswire•2 months ago
Prospect Capital Schedules Second Quarter Earnings Release and Conference Call
Prospect Capital Corporation (PSEC) (“Prospect”, “our”, “the Company” or “we”) today announced it expects to file with the Securities and Exchange Commission its report on Form 10-Q containing results for the fiscal second quarter ended December 31, 2018 on Wednesday, February 6, 2019 after the close of the markets. The Company will host a conference call on Thursday, February 7, 2019 at 11:00 a.m. Eastern Time. Prospect Capital Corporation (www.prospectstreet.com) is a business development company that focuses on lending to and investing in private businesses.
- Moody's•3 months ago
Prospect Capital Corporation -- Moody's assigns a Baa3 stable issuer rating to Prospect Capital Corporation
Moody's Investors Service (Moody's) assigned a Baa3 issuer rating to Prospect Capital Corporation, a publicly-traded (PSEC) business development company (BDC). Moody's also assigned a (P)Baa3 rating to PSEC's senior unsecured MTN program. Moody's Baa3 ratings reflect PSEC's established history of operations and profitability since its 2004 initial public offering and the strength of its funding structure, including greater funding diversity, more evenly distributed debt maturities and fewer financial covenants compared to most BDC peers, which reduces refinancing risk and default probability of senior unsecured debt.
- Zacks•3 months ago
Prospect Capital (PSEC) Reports Next Week: Wall Street Expects Earnings Growth
Prospect Capital (PSEC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Zacks•3 months ago
Prospect Capital (PSEC) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Prospect Capital (PSEC) closed at $6.66, marking a -1.19% move from the previous day.
- Zacks•3 months ago
Prospect Capital (PSEC) Outpaces Stock Market Gains: What You Should Know
Prospect Capital (PSEC) closed the most recent trading day at $6.68, moving +1.98% from the previous trading session.
- Zacks•3 months ago
Is Prospect Capital (PSEC) Stock Outpacing Its Finance Peers This Year?
Is (PSEC) Outperforming Other Finance Stocks This Year?
- InvestorPlace•4 months ago
7 High Yielding, High-Risk Stocks With Long-Term Potential
An investor looking to gamble on high-risk stocks has several types of securities to consider — maybe they want to go for explosive growth from a small-cap stock or dare the danger in a high-yielding dividend stock. CenturyLink (NYSE:CTL) has a $16.7 billion market capitalization and the stock currently yields 14%. What is wrong with CTL stock?
- Zacks•4 months ago
3 Reasons to Invest in Prospect Capital (PSEC) Stock Now
Growth prospects and strong fundamentals are expected to support Prospect Capital (PSEC) in the quarters ahead.
- Zacks•4 months ago
The Zacks Analyst Blog Highlights: CrossAmerica Partners, Arbor Realty Trust, Prospect Capital, Plymouth Industrial REIT and Global Net Lease
The Zacks Analyst Blog Highlights: CrossAmerica Partners, Arbor Realty Trust, Prospect Capital, Plymouth Industrial REIT and Global Net Lease
