By Marc Lichtenfeld Assessing the safety of a company’s dividend during these times is difficult. Many companies have withdrawn guidance, as it is nearly impossible to know how a business’s customers will respond over the next six to 12 months.
However, there are some instances when determining the prospects of a company’s dividend is not terribly hard. That’s the case with Prospect Capital (Nasdaq: PSEC), which is likely facing a dividend cut in the next 12 months.
Prospect Capital is a business development company (BDC). It mostly lends money to a wide variety of businesses, though it will occasionally take an equity position.
Its portfolio includes…
An …read more
