Prospect Capital: Dividend Safety And Valuation Attractive, But Weaker Fundamentals Concerning
PSECProspect Capital(PSEC) seekingalpha.com·2024-05-25 20:00
mrPliskin/E+ via Getty ImagesIntroduction Prospect Capital (NASDAQ:PSEC) is a popular BDC amongst dividend investors and retirees as a result of its steady, monthly dividend. But while many of its peers have enjoyed strong price appreciation over the past year, the BDC has seen its share price decline double-digits over the same period, a result of its portfolio quality and weaker fundamentals. BDCs with superior underwriting quality share prices have risen while those with weaker fundamentals have lagg ...