10 Updates

PSEC Breaks Above 13% Yield Territory

May 7 2014, 3:46pm CDT | by

Looking at the universe of stocks we cover at Dividend Channel , in trading on Wednesday, shares of Prospect Capital Corporation (NASD: PSEC ) were yielding above the 13% mark based on its monthly...

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11 weeks ago

PSEC Breaks Above 13% Yield Territory

May 7 2014, 3:46pm CDT | by

Looking at the universe of stocks we cover at Dividend Channel , in trading on Wednesday, shares of Prospect Capital Corporation (NASD: PSEC ) were yielding above the 13% mark based on its monthly dividend (annualized to $1.3263), with the stock changing hands as low as $10.18 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market’s total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 13% would appear considerably attractive if that yield is sustainable. Prospect Capital Corporation (NASD: PSEC ) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.

In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Prospect Capital Corporation, looking at the history chart for PSEC below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 13% annual yield.

Click here to find out which 9 other dividend stocks just recently went on sale, at DividendChannel.com »


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According to the ETF Finder at ETFChannel.com, PSEC makes up 9.52% of the BDC Income ETF (AMEX: BIZD ) which is trading lower by about 0.6% on the day Wednesday.

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Update
10

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KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datuk Seri Hishammuddin Hussei ...
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Update
6

6 weeks ago

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Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

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PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the southern states ...
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Update
5

7 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

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KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.78 million in co ...
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Update
4

7 weeks ago

Malaysia's total trade in April up 12pc

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KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister Datuk Seri Mustapa M ...
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Update
3

7 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

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Iskandar Johor Open - Previews
JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an allocation of R ...
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Update
2

7 weeks ago

Najib launches loan scheme for Ramadan traders

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PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Bazaa ...
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Update
1

7 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Damansara Skyway ...
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