earnings
confidence high
sentiment negative
materiality 0.75
Prospect Capital FY2024 NII $1.02/shr, NAV drops to $8.74 from $9.24; maintains $0.06 dividend
PROSPECT CAPITAL CORP
2024-FY EPS reported
$0.34
- FY2024 NII of $419.8M ($1.02/shr) vs $420.9M ($1.06/shr) prior year; Q4 NII $102.9M ($0.25/shr).
- FY2024 net income applicable to common $147.4M ($0.36/shr) vs $(172.5M) loss prior year; Q4 net loss $(9.05M).
- NAV per common share fell to $8.74 at 6/30/2024 from $9.24 a year ago and $8.99 at 3/31/2024.
- Credit facility extended and upsized to $2.1B commitments from 48 banks with 5-year maturity at SOFR+2.05%.
- Declared 86th consecutive $0.06 monthly common dividend for Sept/Oct 2024; preferred dividends also declared.