earnings
confidence high
sentiment negative
materiality 0.85
Prospect Capital reports Q1 FY2025 net loss; cuts monthly common dividend to $0.045
PROSPECT CAPITAL CORP
2025-Q1 EPS reported
-$0.38
- Net investment income per share $0.21, down from $0.31 YoY; net loss applicable to common shareholders of $165M.
- NAV per share fell to $8.10 from $9.25 YoY, a decline of 12.4%.
- Common dividend reduced to $0.045/month from $0.06 (annualized from $0.72 to $0.54, a 25% cut).
- First lien loans increased to 64.9% of portfolio (up from 57.3% YoY) as part of rotation away from CLO equity and real estate.
- Non-accrual loans rose to 0.5% of total assets from 0.2% YoY.