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Prospect Capital Corp. (NASDAQ:PSEC) announced a monthly dividend on Tuesday, February 4th, American Banking News reports. Investors of record on Friday, August 29th will be paid a dividend of 0.1105 per share on Thursday, September 18th. This represents a $1.33 annualized dividend and a dividend yield of 11.98%. The ex-dividend date is Wednesday, August 27th. This is an increase from Prospect Capital Corp.’s previous monthly dividend of $0.11.

A number of research firms have recently commented on PSEC. Analysts at Wunderlich upgraded shares of Prospect Capital Corp. from a “hold” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $12.00 price target on the stock. On a related note, analysts at MLV Capital initiated coverage on shares of Prospect Capital Corp. in a research note to investors on Tuesday, January 21st. They set a “buy” rating and a $12.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Prospect Capital Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 7th. They now have a $11.50 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $11.93.

Shares of Prospect Capital Corp. (NASDAQ:PSEC) traded up 3.17% on Tuesday, hitting $11.07. The stock had a trading volume of 5,756,725 shares. Prospect Capital Corp. has a 52-week low of $10.05 and a 52-week high of $11.62. The stock’s 50-day moving average is $11.19 and its 200-day moving average is $11.20. The company has a market cap of $3.065 billion and a price-to-earnings ratio of 9.77.

Prospect Capital Corp. (NASDAQ:PSEC) last announced its earnings results on Monday, February 3rd. The company reported $0.30 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.32 by $0.02. The company had revenue of $147.00 million for the quarter, compared to the consensus estimate of $170.54 million. During the same quarter last year, the company posted $0.51 earnings per share. Prospect Capital Corp.’s revenue was up 25.6% compared to the same quarter last year. On average, analysts predict that Prospect Capital Corp. will post $1.27 earnings per share for the current fiscal year.

Prospect Capital Corporation (NASDAQ:PSEC), is a financial services company, which lends to and invests in middle market privately-held companies.

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