Tuesday Is Your Last Chance To Buy Prospect Capital Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Prospect Capital (NASDAQ:PSEC) has announced that it will pay shareholders a monthly dividend of 6 cents per share. The stock will go ex-dividend on Wednesday, meaning the stock will likely open 6 cents lower. Shareholders who own PSEC as of the end of Tuesday's session are eligible to receive the dividend payout. The dividend will be paid out to shareholders on August 22, 2023.
July 21, 2023 | 2:45 pm
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Prospect Capital's announcement of a 6 cents per share dividend payout may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this could attract dividend-seeking investors.
When a stock goes ex-dividend, it typically opens lower on the ex-dividend date to reflect the payout. This is because the dividend value is deducted from the company's capital, which can lead to a temporary decrease in the stock price. However, this news could attract investors who are seeking regular dividend income, potentially leading to increased demand for PSEC shares in the long term.
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