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Prospect Capital's Series A Preferred Stock Shares Cross 9.5% Yield Mark
Source: Nasdaq
Credit & Bond MarketsCapital Returns (Dividends / Buybacks)Company Fundamentals
Prospect Capital Corporation’s 5.35% Series A cumulative preferred shares (PSEC.PRA) yielded above 9.5% on Friday, based on an annualized quarterly dividend of $1.3375. The shares traded as low as $13.79; the article reports no reason for the price level or broader market reaction.
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