Prospect Capital Declares Its 91st, 92nd, and 93rd Consecutive Cash Distributions to Shareholders, Exceeding $1.85 Billion in Cumulative Distributions to Shareholders Since 2004
NEW YORK, NY -- (Marketwired) -- 02/09/16 -- 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 February 2016 (record date of February 29, 2016 and payment date of March 24, 2016);
8.333 cents per share for March 2016 (record date of March 31, 2016 and payment date of April 21, 2016);
8.333 cents per share for April 2016 (record date of April 29, 2016 and payment date of May 19, 2016).
These distributions mark Prospect's 91st, 92nd, and 93rd consecutive cash distributions to shareholders.
Prospect's closing stock price of $5.68 as of February 8, 2016 delivers to shareholders a current dividend yield of 17.6%.
Based on past distributions and assuming its current share count for upcoming distributions, Prospect since inception through its April 2016 distribution will have distributed more than $14.62 per share to original shareholders and over $1.85 billion in cumulative distributions to all shareholders.
Prospect expects to declare its May, June, July, and August 2016 distributions in May 2016.
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