Refuel Agency, the largest provider of Media + Marketing services specializing in and reaching select niche audiences throughout the United States, including Military, Teen, Gen Z, College and Multicultural markets, announced today that it has moved its Corporate Headquarters from New York to Santa Barbara.
March survey results by Thinking Cap Agency, a media partner for university enrollment marketing, show that the coronavirus is changing attitudes toward how students consider what schools to attend. The study of 1,900 college students found that just over half (52%) of transfer students are likely to take virtual tours instead of visiting open houses on campus. This is a dramatic shift to virtual information sessions that is a new challenge for college and university recruitment.
Prospect Capital Corporation (PSEC) (the “Company”) today announced it expects to file with the Securities and Exchange Commission its report on Form 10-Q containing results for the fiscal third quarter ended March 31, 2020 on Monday, May 11, 2020 after the close of the markets. The Company also expects to issue its earnings press release on Monday, May 11, 2020 after the close of the markets. The Company will host a conference call on Tuesday, May 12, 2020 at 11:00 a.m. Eastern Time.
Q3 2020 Prospect Capital Corp Earnings Call
Prospect Capital Corporation (the “Company”) today announced the results of its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of the outstanding notes listed below. The Tender Offer was made pursuant to an Offer to Purchase dated March 20, 2020 (the “Offer to Purchase”), which set forth the terms and conditions of the Tender Offer. As of the previously announced expiration time of 5:00 p.m., New York City time, on March 26, 2020 (the “Expiration Time”), according to information provided by D.F. King & Co., Inc., the information and tender agent for the Tender Offer, a total of $654,600 aggregate principal amount of Notes (defined below) had been validly tendered and not validly withdrawn in the Tender Offer.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
Moody's Investors Service (Moody's) has affirmed the ratings with a stable outlook of the following business development companies (BDCs): Goldman Sachs BDC, Inc. (Baa3 senior unsecured) and Owl Rock Capital Corporation (Baa3 senior unsecured). The ratings of Ares Capital Corporation (Baa3 senior unsecured) were affirmed, but the outlook was changed to stable from positive.
[Editor's note: "10 High-Yield Monthly Dividend Stocks to Buy" was previously published in December 2019. It has since been updated to include the most relevant information available.]Do you ever wish your dividend stocks paid out monthly rather than quarterly?For income-oriented investors who cover their monthly expenses with dividend income, it would certainly be a convenient option.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSuch stocks to buy actually do exist. In fact, they're more common than many investors may realize. They're also not crimped by catches and restrictions, and their underlying income is driven by very ordinary business models. They look just like their quarterly counterparts. * 9 Asian Stocks to Buy for a Post-Coronavirus Recovery With that as the backdrop, here's a rundown of ten high-yield monthly dividend stocks to buy from a variety of industries and sectors. Some are more familiar names than others, and some are bigger than others. Not all of them have been around for a great length of time either. Finally, many have taken a beating since the economic downturn.Still, in all ten cases, however, there's an attractive monthly payout in store for the foreseeable future. In no particular order… Capitala Finance (CPTA)Source: Shutterstock Dividend Yield: 28.4%Capitala Finance (NASDAQ:CPTA) primarily provides capital to smaller companies, via a combination of loans and equity investments. Its average funding ranges between $10 million and $50 million, offering investors a chance to plug into small-company opportunities that wouldn't otherwise be availableCapitala's strength is its diversity. It owns stakes in companies from the retailing, biotech, industrial, technology and consumer industries just to name a few.Its most recent investment was a piece of a human anatomy app company called Visible Body, which helps medical students and caregivers better understand how the human body physically fits together.More than that, Capitala Finance is yielding a hefty 28.4% right now. Stellus Capital Investment (SCM)Source: Shutterstock Dividend Yield: 15.77%Also add Stellus Capital Investment (NYSE:SCM) to your list of monthly dividend stocks to scoop up if you're looking for regular monthly income.Like Capitala Finance, Stellus is categorized as a business development company. And also like Capitala, Stellus is focused on so-called "middle market" outfits that may be too big or too risky for traditional loans but too small to raise funds by going public.Its portfolio includes food distributor GoodSource Solutions, home-health product provider Compass Health and business software outfit Valued Relationships Inc, just to name a few. * 9 Robust Stocks to Buy to Survive a Bear Market It's arguably a little less risky than Capitala, in that most of its investment are in companies currently yielding a (very) positive EBITDA. The trade-off is a lower dividend yield. AGNC Investment (AGNC)Dividend Yield: 12.14%AGNC Investment (NASDAQ:AGNC) is a real estate investment trust, or REIT, primarily focused on the development of a mortgage portfolio.The bulk of the mortgages it owns are made by government-sponsored outfits like Fannie Mae and Freddie Mac. It's a lower-risk approach toward driving monthly income, though still an effective one.AGNC presently yields 12.14% thanks to the stock's slide over the last year.That pullback was largely rooted in fears that rising interest rates would crimp AGNC Investment's future cash flows, as higher interest rates are presumed to tend to crimp overall lending activity. That's only partly accurate. Higher rates can do mortgage REITs more good than harm if the underlying reason for rising rates is a strong economy. Whitestone REIT (WSR)Dividend Yield: 7.06%REITs, by the way, are pools of money that allow individuals liquid access to real estate investments that wouldn't otherwise be available to most retail investors. And a portfolio of mortgages is hardly the only way to develop a REIT.Case in point: Whitestone REIT (NYSE:WSR).Whitestone owns a portfolio of consumer-oriented real estate, primarily in more affluent neighborhoods, providing space to "ecommerce-resistant" companies like Whole Foods Market, Verizon (wireless phone service) and True Food Kitchen restaurants.It's a brilliant strategy, as its more than 3o% top-line growth from 2016 to 2018 shows. * 7 Bank Stocks to Watch as Earnings Season Heats Up Whitestone's dividend yield is 7.06%, which isn't the highest among the monthly dividend stocks in focus, though it's a solid return relative to the risk shareholders are assuming. Prospect Capital (PSEC)Source: Shutterstock Dividend Yield: 17.27%It's not the biggest business development company in the world, but somehow Prospect Capital (NASDAQ:PSEC) is still one of the best known.Its portfolio includes several familiar names like JD Power, Capstone Logistics, ACE Cash Express and video media company Cinedigm, just to name a few.It's diversity that has helped smooth out the BDC's bottom line from time to time when it might otherwise be erratic.Either way, the market and analysts may be underestimating the true potential of Prospect. The company has met or topped earnings estimates in four of its past five quarters. Between that and its trailing dividend yield of 17.27%, PSEC may be a smart risk to take. Solar Senior Capital (SUNS)Dividend Yield: 11.88%Don't let the name fool you. Solar Senior Capital (NASDAQ:SUNS) doesn't specialize in providing capital to the solar power industry.It is another business development company, and like Prospect and Capitala, it's highly diversified in terms of industry exposure.There is a noteworthy difference between Solar Senior Capital and its BDC peers, however.The organization focuses primarily on senior secured loans of privately owned middle-market companies, which better positions it to, if nothing else, preserve capital. * 7 Industrial Stocks To Buy For the Market Rebound The trade-off for safety is yield. Solar Senior is only paying out 8% of the stock's current price as an annualized dividend. And it's been paying it, and adding to it, faithfully since 2011. Gladstone Investment (GAIN)Dividend Yield: 8.36%Source: Shutterstock Gladstone Investment (NASDAQ:GAIN) is a business development company, but it's unlike most other BDCs (and unlike any other monthly dividend stocks being discussed within this list).Whereas most of these investment companies seek to make loans, Gladstone is ultimately aiming to acquire smaller but mature companies.It's a riskier proposition, as investors have learned the hard way. The company missed its quarterly earnings estimate at the end of 2018 and shareholders have paid the price. GAIN lost about 12.4% of its value last year and missed its Q2 earnings estimate. But it's rebounded 455 this year.And there's just something compelling about the growth potential in ownership rather than merely lending. Cross Timbers Royalty Trust (CRT)Source: Shutterstock Dividend Yield: 20.99%They're a relatively rare breed these days, but oil and gas royalty investments are still around and still dishing out dividend income. Cross Timbers Royalty Trust (NYSE:CRT) is one of the remaining names of the ilk.An investment in Cross Timbers is predominantly an investment in oil and gas producing properties found in Texas, Oklahoma and New Mexico. Yes, the fluctuating price of oil and natural gas can impact the trust's bottom line, although not as much as you might think. * 7 Retail Stocks to Keep Your Distance From The organization is merely plugged into the production of established and operational wells, and isn't directly taking on the expensive risk of exploration. Global Net Lease (GNL)Dividend Yield: 11.72%Global Net Lease (NYSE:GNL) is another REIT, primarily serving the commercial market.It owns properties in the United States and Europe, and rents to quality tenants like FedEx, Family Dollar and ING Bank, organizations that can not only reliably pay their rent as it comes due, but outfits that tend to stay put once they establish roots.There's a bit of a twist Global Net Lease brings to the table that allows it to juice its payout to its current yield of 11.72%, however. It also acquires much of its rental real estate through an arrangement called a sale-leaseback.In simplest terms, a sale-leaseback lets a property-owning company free up the value of real estate by selling a space it owns to a landlord like Global Net Lease, and then remain in that space as a tenant. It's a win-win scenario, as the renter enjoys a big cash infusion and Global Net Lease has a tenant already lined up. Horizon Technology Finance (HRZN)Dividend Yield: 12.85%Finally, Horizon Technology Finance (NASDAQ:HRZN) has earned a spot on a list of monthly dividend stocks to buy.As the name suggests, Horizon Technology Finance provides capital to young, upcoming technology outfits, though it doesn't cater strictly to the tech sector.It's also heavily involved in the development of life science and biotechnology companies.Its portfolio includes biotech names like AccuVein and Celsion, along with traditional tech plays like cybersecurity company Control Scan and communications technology player Xtera.Its results are as erratic as what you'd expect from major technology names, but it's worth the wild ride. Horizon has not had any sustained trouble affording its dividend payment.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 2019 Losers That Will Be 2020 Winners * 7 Safe Dividend Stocks for Investors to Buy Right Now * 5 Artificial Intelligence Stocks to Consider The post 10 High-Yield Monthly Dividend Stocks to Buy appeared first on InvestorPlace.
Prospect Capital Corporation (the “Company”) today announced that it has commenced a cash tender offer (the “Tender Offer”) to purchase any and all of the outstanding notes listed below. The Tender Offer will expire at 5:00 p.m., New York City time, on March 26, 2020, or any other date and time to which the Company extends such Tender Offer (such date and time, as it may or may not be extended, the “Expiration Time”). The Tender Offer is made pursuant to an Offer to Purchase dated today, which set forth the terms and conditions of the Tender Offer.
Moody's Investors Service (Moody's) has affirmed the ratings with a stable outlook of the following business development companies (BDCs): Goldman Sachs BDC, Inc. (Baa3 senior unsecured) and Owl Rock Capital Corporation (Baa3 senior unsecured). The ratings of Ares Capital Corporation (Baa3 senior unsecured) were affirmed, but the outlook was changed to stable from positive.
NEW YORK, May 11, 2020 -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced financial results for our third fiscal quarter ended March.
Smaller firms Prospect Capital, a BDC, and fashion retailer Revolve Group have seen recent large stock purchases by their CEOs.
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Moody's Investors Service (Moody's) has affirmed the ratings with a stable outlook of the following business development companies (BDCs): Goldman Sachs BDC, Inc. (Baa3 senior unsecured) and Owl Rock Capital Corporation (Baa3 senior unsecured). The ratings of Ares Capital Corporation (Baa3 senior unsecured) were affirmed, but the outlook was changed to stable from positive.
Moody's Investors Service (Moody's) has affirmed the ratings with a stable outlook of the following business development companies (BDCs): Goldman Sachs BDC, Inc. (Baa3 senior unsecured) and Owl Rock Capital Corporation (Baa3 senior unsecured). The ratings of Ares Capital Corporation (Baa3 senior unsecured) were affirmed, but the outlook was changed to stable from positive.
Lower costs and robust originations support Prospect Capital's (PSEC) fiscal Q3 results.
Prospect Capital (PSEC) saw a big move last session, as its shares jumped more than 10% on the day, amid huge volumes.
Q2 2020 Prospect Capital Corp Earnings Call
Prospect Capital Corporation (“Prospect”) (PSEC) announced today that Prospect’s CEO issued a letter to shareholders. Since 1988, when Prospect Capital Management launched our first public fund, we have weathered stock market crashes, credit market dislocations, liquidity crunches, SARS, MERS, H1N1, and now the Wuhan virus. Starting two years ago, we began reducing debt at Prospect Capital Corporation (“Prospect”).
Prospect Capital (PSEC) delivered earnings and revenue surprises of 35.71% and 16.28%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?