Prospect Capital Corporation Stock News

Prospect Capital offers a remarkable 13% yield, supported by strong balance sheet quality and a well-performing investment portfolio. The BDC's favorable non-accrual trend and healthy dividend coverage profile make it an attractive buy for dividend investors. Despite a near-40% discount to NAV, Prospect Capital's dividend is well-supported,.

24/7 Wall St. Insights September may be a scary month for investors, but that hasn't stopped insiders from further boosting their stakes, some of them in energy companies.

24/7 Wall St. Insights Passive income is a steady stream of unearned income that doesn't require active traditional work.

Prospect Capital Corp. is ideal for retirees due to its well-covered monthly dividends, low leverage, and significant discount to NAV. However, PSEC has consistently destroyed shareholder value with negative share price returns over the past 3, 5, and 10 years. The company's NAV has declined steadily, underperforming peers even in a high interest rate environment, leading to poor long-term perf...

24/7 Wall St. Insights Mexican billionaire Carlos Slim and other beneficial owners returned to boost stakes in energy companies and more.

We take a look at the action in business development companies through the last week of August and highlight some of the key themes we are watching. BDCs saw a 1% total return last week but ended August down 2%; six of our eight holdings were top performers. Private lenders, including major BDCs, are injecting $275m into Pluralsight, converting existing debt to equity.

I discuss which areas of the market are most opportunistic for generating high yield income right now. I share some of my top picks within those sectors. I also share how I would deploy $100,000 of new money across those opportunities in September 2024.

BDCs have outperformed REITs since early 2022 due to rising short-term interest rates and a strong economy, but dynamics shifted in July. With long-term rates declining and recession fears rising, BDCs face dividend cut risk. One BDC recently slashed its dividend aggressively and more are likely to follow.