NEW YORK, Nov. 08, 2016 (GLOBE NEWSWIRE) — Prospect Capital Corporation (NASDAQ:PSEC) (“Prospect”) announced today that Prospect has declared monthly cash distributions to shareholders in the following amounts and with the following record and payment dates:
8.333 cents per share for November 2016 (record date of November 30, 2016 and payment date of December 22, 2016);
8.333 cents per share for December 2016 (record date of December 30, 2016 and payment date of January 19, 2017); and
8.333 cents per share for January 2017 (record date of January 31, 2017 and payment date of February 16, 2017).
These distributions mark Prospect’s 100th, 101st and 102nd consecutive cash distributions to shareholders.
Prospect’s closing stock price of $7.52 as of November 7, 2016 delivers to shareholders a current dividend yield of 13.3%.
Based on past distributions and assuming its current share count for upcoming distributions, Prospect since inception through its January 2017 distribution will have distributed $15.37 per share to original shareholders, exceeding $2.1 billion in cumulative distributions to all shareholders.
Prospect expects to declare its February 2017, March 2017 and April 2017 distributions in February 2017.