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Looking at the universe of stocks we cover at Dividend Channel, on 4/25/24, Prospect Capital Corporation (Symbol: PSEC) will trade ex-dividend, for its monthly dividend of $0.06, payable on 5/21/24. As a percentage of PSEC's recent stock price of $5.40, this dividend works out to approximately 1.11%, so look for shares of Prospect Capital Corporation to trade 1.11% lower — all else being equal — when PSEC shares open for trading on 4/25/24.

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PSEC is likely to continue, and whether the current estimated yield of 13.33% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of PSEC shares, versus its 200 day moving average:

Looking at the chart above, PSEC's low point in its 52 week range is $5.025 per share, with $6.90 as the 52 week high point — that compares with a last trade of $5.43.

Free Report: Top 8%+ Dividends (paid monthly)

Prospect Capital Corporation is in our coverage universe of monthly dividend paying stocks. In Tuesday trading, Prospect Capital Corporation shares are currently down about 0.2% on the day.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.