5 High-Yield Dividend Stocks Popular on Robinhood

3. Prospect Capital Corporation (NASDAQ:PSEC)

Number of Hedge Fund Holders: 9

Dividend Yield as of May 20: 9.72%

Prospect Capital Corporation (NASDAQ:PSEC) is one of the highest yielding dividend stocks popular on Robinhood, with a dividend yield of 9.72% as of May 20. Prospect Capital Corporation (NASDAQ:PSEC) is a business development company that specializes in leveraged buyouts, refinancing, acquisitions, recapitalizations, growth capital, collateralized loan obligations, marketplace lending, and bridge transactions.

On May 10, Prospect Capital Corporation (NASDAQ:PSEC) declared a $0.06 per share monthly dividend, in line with previous. The dividend is payable on June 21, to shareholders of the company at the close of business on May 27. 

Prospect Capital Corporation (NASDAQ:PSEC) reported earnings for Q1 on May 9, posting an EPS of $0.22, topping analysts’ predictions by $0.04. Revenue for the period grew 13.78% year-over-year to $181.43 million, exceeding market consensus by $10.56 million. 

In Q4 2021, Insider Monkey’s database found Prospect Capital Corporation (NASDAQ:PSEC) to be part of 9 hedge fund portfolios, up from 7 funds in the earlier quarter. At the conclusion of the first fiscal quarter of 2022, John Overdeck and David Siegel’s Two Sigma Advisors disclosed an $11.15 million stake in Prospect Capital Corporation (NASDAQ:PSEC).