5 Cheap Dividend Stocks to Buy Today

2. Prospect Capital Corporation (NASDAQ:PSEC)

Number of Hedge Fund Holders: 9

Share Price as of March 28: $8.21

Dividend Yield as of March 28: 8.78%

Prospect Capital Corporation (NASDAQ:PSEC) is a New York-based business development company that invests in senior loans and mezzanine debt to middle-market companies and private equity sponsors. Prospect Capital Corporation (NASDAQ:PSEC)’s dividend yield on March 28 came in at 8.78%. 

On February 8, Prospect Capital Corporation (NASDAQ:PSEC) reported its fourth quarter results. The company posted an EPS of $0.22, beating estimates by $0.05. The $175.38 million revenue also outperformed estimates by $11.62 million. 

Prospect Capital Corporation (NASDAQ:PSEC) on February 22 declared a $0.06 per share monthly dividend. The dividend was paid on March 22, and the next payment is scheduled for April 20, for shareholders of record on March 29. 

According to the Q4 database of Insider Monkey, 9 hedge funds placed long bets on Prospect Capital Corporation (NASDAQ:PSEC), compared to 7 funds in the prior quarter. McKinley Capital Management is a notable shareholder of the company, with 556,652 shares worth $4.6 million.