With a market capitalization of 3.4B and a dividend yield of 12.3%, this stock has been my latest addition towards my dividend portfolio.
PSEC is essentially a BDC (Business Development Company) which basically invests in all layers of capital structure, similar to private equity or venture capital investment vehicles.
A quick check shows that the advantages of investing in BDCs include access to potentially lucrative investments in private companies, high current cash flow in the form of monthly cash distributions, and a high degree of liquidity compared to private equity funds.
Hopefully this pays off.
Huat ah!!!
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