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Actionable news in PSEC: Prospect Capital Corporation,

Why Dividends Matter: Prospect Capital

For a very clear example of why dividends matter, consider the case of Prospect Capital (PSEC). I first purchased Prospect in late 2014, believing it to be cheap at the time and that the risk of a dividend cut was overstated.

Well, it turns out I was wrong about the dividend. Shortly after I bought it, Prospect slashed its dividend by 25%. Predictably...


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