Headquartered in New York, NY Fiscal year ends June NASDAQ: PSEC prospectstreet.com
Prospect Capital Corporation (NASDAQ: PSEC) is a business development company (BDC) that primarily lends to and invests in middle market privately-held companies in the United States. The company's investment objective is to generate both current income and long-term capital appreciation through senior secured first and second lien loans, equity and equity-linked investments, and real estate holdings via its subsidiary National Property REIT Corp. (NPRC). Prospect focuses on companies with annual revenues under $750 million and enterprise values under $1 billion, typically making senior secured loans of less than $250 million. The company originates investments through long-term relationships with private equity sponsors, independent sponsors, financial intermediaries, and management teams. Prospect has elected to be treated as a regulated investment company under the Internal Revenue Code and as a BDC under the Investment Company Act of 1940. Since its 2004 IPO through June 30, 2026, Prospect has invested approximately $23 billion across more than 450 investments. As of June 30, 2026, the portfolio included 91 companies across 31 industries, with 72.5% in first lien debt and 84.4% in total senior and secured debt at cost. The NPRC real estate portfolio comprised 52 multifamily and other occupied properties representing 14.2% of investments at cost. Senior management and employees own 26.7% of all common shares outstanding. Updated
Keurig Dr Pepper is sending shareholders about $313 million, 23 cents a share, on October 9, the biggest cash payment of today's group. Kanzhun follows with roughly $195 million, and you have to own the shares today to collect.
Expedia is sending shareholders about $55 million, at 48 cents a share, with the money arriving September 17. Prospect Capital, Solstice Advanced Materials, Kamada and Embecta are paying out today's group too. You need to own the shares today to get paid.
Five dividend stocks go ex-dividend next week, and missing the cutoff by even one day forfeits the payment entirely. Two of them carry yields above 16%, but their coverage numbers tell a…
Three BDCs are flashing yields as high as 28%, but each one carries a hidden fault line that could wipe out income and principal in the same move. Before you chase the…
Three business development companies have already slashed their dividends this year, and two of the biggest names in private credit are showing the same warning signs that preceded every cut. Here is…
Six high-yield income stocks are flashing elevated payouts right now partly because their prices have been falling hard, and that tension between danger and opportunity is exactly what retirees living off a…
When a seven-figure IRA hits the age that triggers mandatory withdrawals, chasing the yield you actually need can quietly destroy the account you spent decades building. One blended approach threads that needle,…
When a stock drops 30% and the yield jumps to 26%, most investors see opportunity. Five companies on this list suggest the yield itself is the warning sign.
Six high-yield securities, one Roth IRA, and a tax bill that drops to zero sounds appealing until you look closely at what each holding actually costs you when it sits in the…
Turning dividends into a full-time paycheck sounds simple until you realize the yield you chase could demand three times more capital than the one you ignored. The right starting point depends on…
Your high-yield BDC and REIT positions may be quietly generating a five-figure tax bill every single year, and the account type holding them determines whether that cost is optional or inevitable.
A 30% yield sounds like a dream for retirees, but the cash funding that payout may not be coming from the business itself. Five popular dividend stocks are hiding a three-line warning…
Six stocks are paying yields as high as 23% right now, but behind those numbers sit eroding asset values, razor-thin coverage ratios, and balance sheets that leave almost no room for error…
Baby boomers quietly built monthly paychecks from four very different economic engines, and the combination they landed on sidesteps K-1 tax headaches while stacking coverage ratios that most retirees never knew existed.
Three dividend stocks near or under $30 caught our attention this August, and at least one of them carries a yield so high it comes with a built-in warning label worth reading…
The “million dollars to retire” figure survives because it is simple, not because it is precise. It assumes one spending target, one withdrawal rate, and one risk tolerance for every household. A…
Replacing $1,500 a month in portfolio income looks simple until yield enters the equation. At a 3.5% yield, you need roughly $514,000 invested. At 6%, the target falls to $300,000. At 10%,…
Prospect Capital Corporation (NASDAQ: PSEC) is a business development company (BDC) that primarily lends to and invests in middle market privately-held companies in the United States.
The Wall Street consensus 12-month price target for PSEC is $2.00.
