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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (13041)

11/2/2012 11:16:30 PM

From: Steve Felix

Read Replies (2) | Respond to of 34328

I didn't need any more PSEC, but it was a chance to swap out the NTLS at a similar yield, and PSEC seems
to be on the right track. At book value, and a tiny dividend increase per month doesn't hurt either.

Earnings next Thursday. Last time:

"For the June 2012 fiscal year, our net investment income ("NII") was $186.7 million, an increase of 98% from the prior year on a dollars basis. On a weighted average share basis, NII increased from $1.10 for the June 2011 fiscal year to $1.63 for the June 2012 fiscal year, an increase of 48%.

Our net asset value per share on June 30, 2012 stood at $10.83 per share, an increase of $0.47 per share from June 30, 2011, and an increase of $0.01 per share from March 31, 2012.

For the June 2012 quarter, our NII was $64.2 million or $0.51 per weighted average number of shares for the quarter, representing increases of 113% and 66% year-over-year, respectively.

For the June 2011 quarter, our NII was $30.2 million or $0.31 per weighted average number of shares for the quarter.

We are targeting continued growth in NII per share as we utilize prudent leverage to finance our growth through new originations, given our debt to equity ratio stood at less than 44% (and less than 36% after subtraction of cash and equivalents) as of June 30, 2012. We estimate that our net investment income for the current September 2012 quarter will be $0.41 to $0.46 per share"
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PSEC is another high yield stock that I underestimated.
Ameritrade has the oldest date a stock was bought right on the statement.
First shares from July 2005.

Annualized Total Return:

10.99%