Prospect Capital: Deep Value Alert, Dividend Hike Could Come Soon
◈Prospect Capital's net investment income is on the rise and is now well above its payout level of 18 cents per quarter.
◈This is another in a series of stock picks with a theme - Margin of Safety stocks for a weak global economy.
◈We will dive into why Prospect Capital is the best value in the BDC - Business Development Company sector.
◈The BDC sector should outperform other sectors in a rising interset rate environment.
◈NII is up 18% from a year ago, and now sustained over 20 cents for 3 straight quarters. Dividend coverage is now at 123%.
◈NAV per share up a healthy 15% even after Prospect Capital paying its 9% monthly dividends.
◈Total debt up 20% from a year ago, but Debt to Equity falling from a year ago and below 55%. This is the lowest debt to equity in the BDC space.
◈Unsecured debt is still over 70% of the capital stack, one of the best in the BDC space.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- EvanHolt·2022-08-10What is its dividend yield? I couldn't find that information.LikeReport
- ElvisMarner·2022-08-10PSEC fundamentals are very good, thanks for sharing.LikeReport
- MortimerDodd·2022-08-10It looks like Prospect Capital deserves our attention.LikeReport
- Maria_yy·2022-08-10You have invested in Prospect Capital, right?LikeReport
- jethro·2022-08-08thanks for the shareLikeReport
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