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Prospect Capital Corp. (NASDAQ:PSEC) declared a monthly dividend on Tuesday, February 4th, American Banking and Market News reports. Investors of record on Tuesday, September 30th will be given a dividend of 0.1105 per share on Wednesday, October 22nd. This represents a $1.33 dividend on an annualized basis and a yield of 11.99%. The ex-dividend date of this dividend is Friday, September 26th. This is an increase from Prospect Capital Corp.’s previous monthly dividend of $0.11.

Several analysts have recently commented on the stock. 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 the ratings front, 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $11.93.

Prospect Capital Corp. (NASDAQ:PSEC) last released its earnings data on Monday, February 3rd. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 25.6% on a year-over-year basis.

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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