Published on 19 Aug 2024 on Insider Monkey · via Yahoo Finance

Prospect Capital Corporation (PSEC): A Good Stock That Pay Dividends Monthly

We recently compiled a list of the 10 Stocks that Pay Dividends Monthly. In this article, we are going to take a look at where Prospect Capital Corporation (NASDAQ:PSEC) stands against the other stocks that pay dividends monthly.

Over the years, dividend stocks have consistently demonstrated resilience in challenging market conditions. While the recent focus on AI might suggest otherwise, the long-term attractiveness of these stocks has increased. Income investors have taken note of this trend, which is reflected in the growing role of dividends as a portion of personal income. According to a report by S&P Dow Jones Indices, the share of dividend income has risen from 2.68% in the fourth quarter of 1980 to 7.88% in the second quarter of 2024, highlighting dividends as a significant source of income. The report also mentioned that since 1936, dividends have contributed to over one-third of the broader market's total equity returns, with the remaining two-thirds coming from capital appreciation.