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Dividend Yield: 13.6%
Market Cap: $788 million
Prospect Capital (PSEC) is a venture capital and private equity firm specializing in middle market, mature buyouts and recapitalizations. As the market environment improves and economic indicators point upwards, this is an area of big potential for investors.
Prospect recently had been planning to spend a chunk of its cash on a buyout of competitor Allied Capital (ALD), but abandoned the deal to another company.
It needs to find a way to spend all that dough without a buyout -- and keeping its hefty dividend intact seems like a no-brainer.
At the time of this writing, the author did not own shares of PSEC.
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