Prospect Capital Corporation (PSEC)

Prospect Capital Corporation operates as a Business Development Company (BDC), providing diverse financing solutions predominantly to the middle market. The firm engages in a broad spectrum of investment activities, including growth capital, leveraged buyouts, acquisitions, recapitalizations, refinancing, and turnaround situations for mature, emerging, and later-stage companies. Its specialized offerings encompass mezzanine financing, subordinated debt tranches of collateralized loan obligations (CLOs), cash flow term loans, marketplace lending, and bridge transactions. Beyond corporate finance, Prospect Capital also allocates capital to real estate, with a specific focus on multi-family residential assets. The company deploys a variety of investment instruments, such as secured debt (including senior, unitranche, first-lien, and second-lien), private debt, mezzanine debt, and direct equity, primarily targeting private and microcap public businesses. Its investment strategy involves both primary originations and the acquisition of secondary loan portfolios, supporting situations like private equity-backed financings, corporate expansion, dividend recapitalizations, and real estate ventures. The firm intentionally concentrates on small and medium-sized private companies, rather than large public corporations. Prospect Capital maintains a diversified investment portfolio spanning numerous industries, with notable expertise in the energy and industrial sectors. Its extensive reach covers areas from aerospace and financial services to healthcare, technology, and consumer goods. Geographically, its operations are concentrated within the United States and Canada. Typically, PSEC commits between $10 million and $500 million per transaction. It seeks out companies with an EBITDA between $5 million and $150 million, sales figures ranging from $25 million to $500 million, and an enterprise value between $5 million and $1000 million. The BDC is also open to co-investing in lar

PSEC is a business development company — a listed vehicle that lends to, and sometimes takes equity in, private middle-market businesses. It elects regulated-investment-company treatment, which requires it to distribute the large majority of its taxable income each year; that requirement, not a board's generosity, is what produces the high headline yield.

The payment is a distribution rather than interest, and it can include return of capital as well as net investment income and realised gains. Most of it is taxed as ordinary income rather than as qualified dividends. The loan book is valued by the manager, not by a market, so net asset value is an estimate. Read how BDCs work.

Figures on this page are computed by Income Investing from the payment history and last price stored in our own database; the payment records come from fmp and the price from fmp, last recomputed Aug 25, 2026. They describe what has been paid, not what will be paid. Yield, payout ratio, our data sources and our methodology are explained elsewhere on the site.

The table lists the 24 most recent recorded dividends for PSEC, newest first, with ex-dates running from Nov 26, 2024 to Oct 28, 2026. The latest is $0.0350 per share in USD, ex-date Oct 28, 2026, pay date Nov 18, 2026. Measured against the nearest payment about a year earlier, 0 are higher, 18 lower and 6 unchanged; the remaining 0 have no comparable payment in the record. None is flagged as a special or one-off payment. Payment records supplied by fmp.

The chart covers 10 complete calendar years for PSEC, 2016 to 2025, per share, in USD. Each bar totals the regular dividends with an ex-dividend date in that calendar year. The year is assigned by ex-dividend date, which is not necessarily the issuer's own dividend year. Our stored payment history for PSEC begins in 2004. The total went from $1.0000 in 2016 to $0.5400 in 2025 — 46% lower. Within that span 0 years were higher than the year before and 5 lower. The three most recent years shown are 2023 $0.7200, 2024 $0.6900 and 2025 $0.5400. The current year is still in progress and is left out, and special or one-off payments are excluded. This is a record of what was paid, not a projection. Every year shown holds the 12 dividends a monthly cadence implies, so no year on this chart is short or long because a payment shifted across a year end.