Prospect Stock To Go Ex-dividend Tomorrow (PSEC)

NEW YORK ( TheStreet) -- The ex-dividend date for Prospect Capital Corporation (Nasdaq: PSEC) 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.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Prospect as a buy. 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 Prospect Ratings Report.

See our dividend calendar or top-yielding stocks list.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

These Stocks Show Change of Direction

Tax Reform Could Boost U.S. Businesses: Cramer's 'Mad Money' Recap (Wednesday 4/26/17)

This Stock Has an Exceptional Dividend Yield of Over 10%

Jump on Harley Davidson, but Stay Away From Costamare: 'Mad Money' Lightning Round

Earnings, Not Just the Trump Rally, Drive Stocks: Cramer's 'Mad Money' Recap (Wednesday 1/18/17)