Prospect Capital Reports Q3 NII Decline, NAV Drop, and 22.2% Monthly Common Dividend Cut
PSEC is trading near its 52-week low of $2.45 (11% above the low).
Summary
Prospect Capital reported a decline in Q3 Net Investment Income and Net Asset Value per share, alongside a 22.2% cut in its monthly common stock dividend, despite a positive quarterly EPS.
Key Events · Earnings and Guidance · PSEC
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Monthly Common Stock Dividend Cut
The company announced a reduction in its monthly common stock dividend to $0.0350 per share for May-August 2026, down from $0.045 per share, representing a 22.2% decrease. This follows a concurrent 8-K filing.
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Net Asset Value (NAV) Decline
NAV per common share decreased to $6.05 as of March 31, 2026, from $6.56 as of June 30, 2025.
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Net Investment Income (NII) Decreased
Net Investment Income for the three months ended March 31, 2026, was $78.46 million, a decrease from $83.49 million in the prior-year quarter. Year-to-date NII also declined to $248.70 million from $259.80 million.
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Positive Quarterly Earnings Per Share (EPS)
Basic and diluted EPS for the three months ended March 31, 2026, was $0.05, a significant improvement from a loss of $(0.39) in the same period last year.
Analysis · PSEC · Unknown
Prospect Capital Corporation's latest 10-Q filing reveals a challenging quarter marked by a significant reduction in its monthly common stock dividend, a key negative for income-focused investors. While the company reported a positive net increase in net assets and EPS for the quarter, these gains are overshadowed by a decline in Net Investment Income (NII) and Net Asset Value (NAV) per share. The dividend cut, pre-announced by a concurrent 8-K, is now fully detailed within the comprehensive financial statements, confirming a 22.2% reduction. Investors should monitor future NII trends and the company's ability to stabilize its NAV and investment portfolio performance.
How filings like this one have moved
In the 30 days to Oct 22, 2026, 36.9% of the 1029 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.77%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PSEC was trading at $2.72 on NASDAQ in the Unknown sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $2.45 to $3.77. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.