Looking at the universe of stocks we cover at Dividend Channel, on 8/28/20, Prospect Capital Corporation (Symbol: PSEC) will trade ex-dividend, for its monthly dividend of $0.06, payable on 9/17/20. As a percentage of PSEC's recent stock price of $5.16, this dividend works out to approximately 1.16%, so look for shares of Prospect Capital Corporation to trade 1.16% lower — all else being equal — when PSEC shares open for trading on 8/28/20.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PSEC is likely to continue, and whether the current estimated yield of 13.97% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of PSEC shares, versus its 200 day moving average:
Looking at the chart above, PSEC's low point in its 52 week range is $3.675 per share, with $6.76 as the 52 week high point — that compares with a last trade of $5.15.
In Wednesday trading, Prospect Capital Corporation shares are currently down about 0.3% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.