Prospect Capital Declares Its 94th, 95th, 96th, and 97th Consecutive Cash Distributions to Shareholders, Aggregating $2.0 Billion in Cumulative Distributions to Shareholders Since 2004
Company Release - 5/9/2016 4:36 PM ET
NEW YORK, NY -- (Marketwired) -- 05/09/16 -- May 9, 2016 - Prospect Capital Corporation (NASDAQ: PSEC) ("Prospect") announced today that Prospect has declared monthly cash distributions to shareholders in the following amounts and with the following record and payment dates:
8.333 cents per share for May 2016 (record date of May 31, 2016 and payment date of June 23, 2016);
8.333 cents per share for June 2016 (record date of June 30, 2016 and payment date of July 21, 2016);
8.333 cents per share for July 2016 (record date of July 29, 2016 and payment date of August 18, 2016);
8.333 cents per share for August 2016 (record date of August 31, 2016 and payment date of September 22, 2016).
These distributions mark Prospect's 94th, 95th, 96th, and 97th consecutive cash distributions to shareholders.
Prospect's closing stock price of $7.28 as of May 9, 2016 delivers to shareholders a current dividend yield of 13.7%.
Based on past distributions and assuming its current share count for upcoming distributions, Prospect since inception through its August 2016 distribution will have distributed $14.96 per share to original shareholders, aggregating $2.0 billion in cumulative distributions to all shareholders.
Prospect expects to declare its September and October 2016 distributions in August 2016.
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