Reminder - Prospect Capital (PSEC) Goes Ex-Dividend Soon
Looking at the universe of stocks we cover at Dividend Channel, on 12/28/21, Prospect Capital Corporation (Symbol: PSEC) will trade ex-dividend, for its monthly dividend of $0.06, payable on 1/20/22. As a percentage of PSEC's recent stock price of $8.42, this dividend works out to approximately 0.71%, so look for shares of Prospect Capital Corporation to trade 0.71% lower — all else being equal — when PSEC shares open for trading on 12/28/21.
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 8.55% 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 $5.37 per share, with $9.25 as the 52 week high point — that compares with a last trade of $8.43.
Prospect Capital Corporation is in our coverage universe of monthly dividend paying stocks. In Monday trading, Prospect Capital Corporation shares are currently down about 0.1% on the day.
