Prospect Capital Corporation Stock News

We take a look at the action in business development companies through the first week of August and highlight some of the key themes we are watching. BDCs underperformed despite strong early earnings, with sector valuations dipping below historical averages. Tight lending spreads continue to pressure BDC net income.

Previously maintained a cautious hold rating on Prospect Capital, favoring bonds over common stock and preferred shares. The stock has heavily underperformed and justified the decision to stay out. We go over the recent results and tell you why the new dividend is likely to get cut within a year.

Quarterly payers are the norm. But monthly dividends…. Yeah, that's that stuff. Today we'll chat about five monthly divvies that yield between 5.8% and 16.3% per year. That's right, these stocks pay early, often and heavy.

While Most of Wall Street focuses on large and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy.

NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (“Prospect”) (NASDAQ: PSEC) has announced the closing of the acquisition of QC Holdings, Inc. (“QC Holdings”), a provider of consumer credit, by Prospect on June 30, 2025. In accordance with the previously announced definitive merger agreement, Prospect has acquired QC Holdings in an all-cash transaction for a total enterp...

Prospect Capital offers an attractive value proposition due to its massive discount to NAV, but is best suited for investors comfortable with higher volatility. The November 2024 dividend cut has improved dividend coverage and balance sheet quality, making the payout more sustainable despite ongoing NAV concerns. Portfolio quality remains strong with a low non-accrual percentage, and PSEC's fir...

In the bond world, double digit yields ordinarily equate to junk bonds with a higher than normal default risk.

NEW YORK, June 13, 2025 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. (“Priority Income Fund” or the “Fund”) announced today that it will redeem all outstanding shares of its 6.125% Series I Term Preferred Stock Due 2028 (CUSIP: 74274W780; NYSE: PRIF PRI) (the “Series I Preferred Shares”) at a price of $25 per Series I Preferred Share, plus accrued but unpaid dividends per Series I Preferred S...