NEW YORK (
) -- The ex-dividend date for
) is tomorrow, December 27, 2013. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $11.36 as of 9:50 a.m. ET, the dividend yield is 11.7%.
The average volume for Prospect has been three million shares per day over the past 30 days. Prospect has a market cap of $3.23 billion and is part of the financial sector and financial services industry. Shares are up 4.6% year to date as of the close of trading on Tuesday.
Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, buyouts, recapitalizations, turnaround, growth capital, development, cash flow term loans, and bridge transactions.
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TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full