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 Friday. Shareholders owning PSEC stock by the end of Thursday are eligible for the dividend, payable on February 20, 2024. The stock is expected to open 6 cents lower on the ex-dividend date to reflect the payout.
January 23, 2024 | 2:45 pm
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Prospect Capital announced a monthly dividend of 6 cents per share, with the ex-dividend date approaching. The stock is expected to open lower by the dividend amount on the ex-dividend date.
The stock price of PSEC is likely to decrease by the amount of the dividend (6 cents) on the ex-dividend date as the dividend payout is factored into the stock price. This is a common occurrence and is typically priced in by the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100