Prospect is declaring distributions as follows:- $0.06 per share for September 2017 to September 29, 2017 record holders with October 19, 2017 payment date; and
- $0.06 per share for October 2017 to October 31, 2017 record holders with November 22, 2017 payment date.
These distributions mark Prospect’s 110th and 111th consecutive cash distributions to shareholders.
Based
on the declarations above, Prospect’s closing stock price of $7.13 at
August 25, 2017 delivers to shareholders a 10.1% dividend yield.
This is a 28% decrease, disappointing but it was expected
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