Squeeze 8% Dividends From Growthy Small Businesses [Forbes]
Prospect Capital Corporation - Closed End Fund (PSEC)
Last prospect capital corporation - closed end fund earnings: 2/10 04:02 pm
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Source: Forbes
BDC concept is shown by businessman.gettySince traditional banks have backed off on business lending over the years, BDCs (business development companies) have stepped in. They provided much-needed debt, equity, and other financial solutions to small businesses—and much-needed income to dividend investors.As an asset class, BDCs yield 8%. We’ll discuss three popular payers—with dividends up to 8.3%—in a moment.Congress whipped up BDCs with a few pen strokes in 1980, creating a structure that’s incentivized to provide smaller companies with financing. BDCs receive special tax privileges, and in exchange, they must return at least 90% of their taxable profits to shareholders as dividends.If that sounds familiar, that’s because that same tradeoff is enjoyed by real estate investment trusts (REITs), which were formed the same way, 20 years prior.As with REITs, the provision that BDCs must dole out 90% of their income as dividends leads to super-sized yields. An average yield of 8% is huge
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- Prospect Capital Corporation (NASDAQ:PSEC) Q2 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Prospect Capital Corp Reports Mixed Q3 FY2023 Results; Declares 80th Consecutive Dividend [Yahoo! Finance]Yahoo! Finance
- Prospect Capital fiscal Q2 earnings hold up better than expected [Seeking Alpha]Seeking Alpha
PSEC
Earnings
- 2/8/24 - Beat
PSEC
Sec Filings
- 4/15/24 - Form DEFA14A
- 4/15/24 - Form 424B2
- 4/15/24 - Form 424B2
- PSEC's page on the SEC website