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 Monday. Shareholders owning the stock by the end of Friday are eligible for the payout, which will be distributed on March 20, 2024. The stock is expected to open 6 cents lower on the ex-dividend date.
February 21, 2024 | 2:45 pm
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Prospect Capital announced a monthly dividend of 6 cents per share, affecting stock opening price on the ex-dividend date.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price on the ex-dividend date, reflecting the payout amount. In this case, PSEC is expected to open 6 cents lower, directly correlating with the dividend amount.
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