Prospect Capital: Dividend Insights
Portfolio Pulse from Benzinga Insights
Prospect Capital (NASDAQ:PSEC) announced a monthly dividend of 6 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning PSEC by the end of Monday's session will be eligible for the dividend, which will be paid out on July 20, 2023.
June 22, 2023 | 2:46 pm
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Prospect Capital's stock will likely open 6 cents lower on Tuesday due to the ex-dividend date for the announced 6 cents per share monthly dividend.
As the ex-dividend date approaches, the stock price typically adjusts downward to reflect the dividend payout. In this case, PSEC's stock will likely open 6 cents lower on Tuesday, as investors who buy the stock after the ex-dividend date will not be eligible for the dividend.
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