Seeking Alpha

Prospect sets summer payouts

  • A July dividend of $0.110475 per share will have record date of July 31 and payment date of August 21. An August dividend of $0.110500 per share will have record date of August 29 and payment date of September 18. A September dividend of $0.110525 per share will have record date of September 30 and payment date of October 22.
  • For the 2nd half of 2013, the company's payouts exceeded NII by $8.8M, or $0.03 per share. Fortunately, the company had a war chest of $53.4M, or $0.26 per share - the cumulative excess of NII over dividends since the IPO ten years ago.
  • PSEC -1.1% premarket
  • Press release
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Comments (3)
  • tom bernardi
    , contributor
    Comments (238) | Send Message
     
    a good buy under 12
    3 Feb 2014, 10:49 AM Reply Like
  • Info Seeker 89
    , contributor
    Comments (223) | Send Message
     
    There's wrong information above. PSEC's press release says "For Prospect's 2013 fiscal year, Prospect's net investment income in excess of dividends to shareholders was $53.4 million and 26 cents per share".
    Above, it says "the company had a war chest of $53.4M, or $0.26 per share - the cumulative excess of NII over dividends since the IPO ten years ago." That's wrong, not from its IPO but just 2013. Big difference. You guys should really change that point so you don't mislead readers - Rob
    3 Feb 2014, 03:32 PM Reply Like
  • cynnabenn
    , contributor
    Comments (13) | Send Message
     
    And an even better buy under $11. I'll be adding to my position.
    3 Feb 2014, 06:05 PM Reply Like
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