2024-02-14 03:03:14 ET
Summary
- Prospect Capital's stock price dropped 7% after reporting quarterly earnings, despite well-covered dividends and a low non-accrual ratio.
- Passive income investors have an opportunity to buy shares at a discount to net asset value.
- Prospect Capital's portfolio is well-diversified and its non-accrual situation is exceptionally good, making it a favorable investment.
The stock price of Prospect Capital Corporation ( PSEC ) cratered 7% last Friday after the business development company reported quarterly earnings....
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Prospect Capital: Time To Double Down And Secure A 13% Yield