Prospect Capital

Prospect Capital Corp. is a business development company, which engages in lending to and investing in private businesses. It also involves in generating current income and long-term capital appreciation through debt and equity investments. The company was founded on April 13, 2004 and is headquartered in New York, NY.

Earnings data Q3 2021

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Prospect Capital posts solid Q3 results amidst credit risk concerns

Prospect Capital demonstrated a strong financial performance in Q3 2024, supported by robust net investment income and NAV growth.
While facing challenges such as increased nonaccruals and moderate leverage, the company's diversified portfolio and shareholder distributions are key strengths.
Opportunities lie in portfolio expansion through originations, leveraging the success in structured credit business, and optimizing credit risk management.

Prospect Capital reports robust Q4 earnings, eyes diversified growth

Prospect Capital Corporation delivered solid financial performance in the June quarter, with steady net investment income and a well-diversified portfolio. While facing moderate leverage and the need to manage structured notes exposure, the company's expertise in private investments and shareholder distributions are key strengths. Opportunities lie in leveraging the portfolio's composition for stable income and exploring growth potential in property investments.

Prospect Capital posts solid Q1 results amidst diversification challenges

Prospect Capital delivered a strong performance in Q1, maintaining a robust financial position.
While facing challenges related to interest rates and portfolio diversification, the company is well-positioned to capitalize on growth opportunities.
Strategic focus on core business and prudent financial management are key strengths driving Prospect Capital's performance.

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NEW YORK, July 12, 2021 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) announced today the pricing of an underwritten public offering of 6 million shares, or $150 million in aggregate liquidation preference, of newly designated 5.35 % Series A Fixed Rate Cumulative Perpetual Preferred Stock (“Series A Preferred Stock”) at a public offering price of $25.00 per share. In addition, Prospect has granted the underwriters a 30-day option to purchase up to an additional 900,000 shares of Series A Preferred Stock solely to cover over-allotments. This offering is expected to close on July 19, 2021, subject to customary closing conditions.

Prospect Capital Announces Pricing of $150 Million in Aggregate Liquidation Preference of 5.35% Series A Perpetual Preferred Stock

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As June 2021 comes to a close, we look back at the new preferred stocks and ETDs introduced during the month, offering annual yields ranging from 4% to 9.375%.

New Preferred Stock IPOs, June 2021

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Realty Income and two other stocks will cut you generous checks 12 times a year.

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As the markets continue to stand uncomfortably high, you may want to consider these monthly dividend stocks for passive income. The post 7 High-Yield Monthly Dividend Stocks to Buy in 2021 appeared first on InvestorPlace.

7 High-Yield Monthly Dividend Stocks to Buy in 2021

NEW YORK, June 22, 2021 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) announced today that Prospect has funded a $55 million first lien senior secured floating rate term loan to support the acquisition of Enseo Holdings, Inc. (“Enseo”) by an affiliate of H.I.G. Capital, LLC (“H.I.G.”).

Prospect Capital Funds $55 Million First Lien Senior Secured Floating Rate Term Loan to Enseo

PSEC yields 8.10%. Mgt. already declared steady monthly dividends through August.

Prospect Capital: 8% Yield, 5% Discount, Outperforming Monthly Payer

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BDCs are attracting more investors because of their high yields and growth prospects. We do hold a few best-of-breed BDCs, but avoid 90% of the sector.

High-Yield BDCs: Identifying The Good And The Bad

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By, Bob Ciura Most dividend stocks made payments to shareholders on a quarterly basis. But not all companies pay quarterly dividends.

Don't Miss These 12 Dividend Stocks That Pay Monthly Dividends

NEW YORK, June 01, 2021 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) announced today that Prospect's preferred stock offering of Series A1, M1, M2, and A2 (the “Preferred Stock”) cumulatively has issued $105.9 million in aggregate preference amount since the initial closing in the quarter ending December 31, 2020.

Prospect Capital Corporation Preferred Stock Offering Cumulative Issuances Exceed $100 Million Across Institutional, Registered Investment Advisor, Wirehouse, and Independent Private Wealth Investors

NEW YORK, May 20, 2021 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) announced today the pricing of $300 million in aggregate principal amount of 3.364% notes due 2026 (the “Notes”). The Notes will mature on November 15, 2026 and may be redeemed in whole or in part at any time or from time to time at our option at par plus a “make-whole” premium, if applicable. The Notes will bear interest at a rate of 3.364% per year payable semi-annually in arrears on May 15 and November 15 of each year, commencing on November 15, 2021. The Notes will be general senior unsecured obligations of Prospect, will rank equally in right of payment with Prospect's existing and future senior unsecured debt, and will rank senior in right of payment to any potential subordinated debt, should any be issued in the future.

Prospect Capital Corporation Announces Pricing of $300 Million of 3.364% Notes due 2026

SANTA BARBARA, Calif., May 12, 2021 /PRNewswire/ -- Refuel Agency, the largest provider of media + marketing services to reach teen, college, military and multicultural consumers throughout the U.S., released research findings that teens pay attention to cause-related public service announcements more than they do influencers, athletes, or celebrities.

Cause-Related PSAs Influence Teens More Than Athletes or Celebrities is the Finding from Refuel Agency Research

Prospect Capital Corporation (PSEC) CEO John Barry on Q3 2021 Results - Earnings Call Transcript

While higher expenses hurt, increase in total investment income aids Prospect Capital's (PSEC) fiscal Q3 results.

Prospect Capital (PSEC) Q3 Earnings In Line, Revenues Climb

Prospect Capital (PSEC) delivered earnings and revenue surprises of 0.00% and -1.49%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Prospect Capital (PSEC) Q3 Earnings Match Estimates

Shares of Prospect Capital (NASDAQ:PSEC) fell in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share were flat 0.00% over the past year to $0.19, which beat the estimate of $0.17.

Prospect Capital: Q3 Earnings Insights

NEW YORK, May 10, 2021 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced financial results for our fiscal quarter ended March 31, 2021.

Prospect Capital Releases March 2021 Quarterly Results, Announces Net Investment Income of $0.19 and 5% Increase in Net Asset Value per Common Share, and Declares Stable Monthly Cash Common and Preferred Share Distributions

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October-December Kiplinger Today published four articles: 11 Best Monthly Dividend[s], 21 Best Stocks, 11 Dividend Growth Stocks, and 25 Dividend Stocks Analysts Love. Stocks therein I called "Kiplinger Top Stocks For 2021." Then, in March, Barron's Weekly published Retire on Dividends listing 10 to start. All told, five Kip/Bar articles listed 78 stocks. Three duplicates left 75, with 66 paying dividends.

Kiplinger And Barron's 75 Top Stocks For 2021 Show 17 As May Flies

Prospect Capital has been named as a Top 10 dividend-paying financial stock, according to Dividend Channel, which published its most recent ''DividendRank'' report.

This Stock Has A 8.94% Yield And Sells For Less Than Book

NEW YORK, April 23, 2021 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”), announced today that our continuous preferred stock offering of up to 40,000,000 shares of Series A1, M1, and M2 with a $1 billion aggregate liquidation preference (the “Preferred Stock”) has issued $80.6 million in aggregate preference amount since the initial closing in the quarter ending December 31, 2020. Prospect issued $19.7 million in aggregate preference amount of the Preferred Stock since March 15, 2021.

Prospect Capital Corporation Continuous Preferred Stock Offering Issuances Exceed $75 Million Since Initial Closing

Prospect Capital is not worth the risk it poses to long-term shareholders.

Prospect Capital: A 9% Yield That Is Not Worth Your Time

PSEC yields 9.02% and pays monthly. It's selling at a -10.94% discount to NAV/share.

Prospect Capital: 9% Yield, 11% Discount, Monthly Payer

NEW YORK, April 07, 2021 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (the “Company”) today announced that it has commenced two separate cash tender offers (each a “Tender Offer” and collectively, the “Tender Offers”) to purchase (i) up to $30,000,000 aggregate principal amount of outstanding 5.875% Senior Notes due 2023 (the “2023 Notes”), and (ii) up to $30,000,000 aggregate principal amount of outstanding 6.375% Notes due 2024 (the “2024 Notes” and together with the 2023 Notes, the “Notes”). Each Tender Offer will expire at 12:00 midnight, New York City time, on May 5, 2021 (one minute after 11:59 p.m., New York City time, on May 4, 2021), or any other date and time to which the Company extends the applicable Tender Offer (such date and time, as it may be extended, the “Expiration Date”). The Tender Offers are made pursuant to an Offer to Purchase dated today, which set forth the terms and conditions of the Tender Offers.

Prospect Capital Corporation Announces Launch of Cash Tender Offers For its Outstanding 5.875% Senior Notes due 2023 and 6.375% Notes due 2024

NEW YORK, March 15, 2021 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”), announced today that our continuous preferred stock offering of up to 40,000,000 shares of Series A1, M1, and M2 with a $1 billion aggregate liquidation preference (the “Preferred Stock”) has raised $60.9 million in aggregate principal amount since the initial closing in the quarter ending December 31, 2020.

Prospect Capital Corporation Continuous Preferred Stock Offering Proceeds Exceed $50 Million Since Initial Closing

NEW YORK, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) announced today the pricing of $25 million in aggregate principal amount of additional 3.706% notes due 2026 (the “Notes”) on February 17, 2021.

Prospect Capital Corporation Announces Pricing of $25 Million of 3.706% Notes due 2026

Prospect Capital Corporation (PSEC) CEO John Barry on Q2 2021 Results - Earnings Call Transcript

News for Prospect Capital ETF (PSEC)