Should You Still Buy This 10.5%-Yielding BDC Dividend Dog?

This company released Q2-2019 financial results recently after the market closed. The BDC reported net investment income that matched expectations but also reported a rather steep NAV drop based on unrealized losses in its portfolio. Shares are now priced at a 24 percent discount to Q2-2019 NAV. An investment in the stock yields 10.5 percent.

Prospect Capital Corp. (PSEC) reported financials for its second fiscal quarter yesterday after the market closed. The business development company covered its dividend with net investment income in the last quarter but also reported a sequential NAV drop. Prospect Capital Corp. makes a moderately attractive value proposition for high-yield investors that seek to capture high, recurring dividend income going forward. An investment in PSEC at today's price yields 10.5 percent.

Source: Seeking Alpha

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