Prospect Capital Corporation (PSEC) got off to a rough start this month with a dividend cut. Prospect Capital cut its dividend to 8.33 cents per month from 11.1 cents. But even after the reduction, PSEC sports a dividend yield of 12.1%. Not bad.

A 12% dividend is nothing to take lightly. Given that u.s. stocks are priced to deliver flat returns for the next 7-10 years, it's never been more important to get paid in cold, hard cash.

But if you really want to know why I'm on Prospect Capital, take a look at the following chart of recent insider buys: Insider Position Date Buy/Sell Shares Trade Price ($) Cost

Eliasek M Grier COO 12/9/2014 Buy 25,000 $8.31 $207,800 Brian H Oswald CFO 12/9/2014 Buy 63,500 $8.35 $530,200 John F Barry CEO 12/8/2014 Buy 132,200 $8.46 $1,118,400 Brian H Oswald CFO 12/2/2014 Buy 162,500 $9.12 $1,482,000 Eliasek M Grier COO 12/2/2014 Buy 50,000 $9.10 $455,000 John F Barry CEO 12/1/2014 Buy 115,000 $9.08 $1,044,200 Eliasek M Grier COO 11/10/2014 Buy 5,000 $9.56 $47,800 Eugene S Stark Director 11/10/2014 Buy 1,512 $9.40 $14,200 John F Barry CEO 11/10/2014 Buy 110,000 $9.57 $1,052,700 Eliasek M Grier COO 9/16/2014 Buy 5,000 $10.10 $50,500 John F Barry CEO 9/16/2014 Buy 100,000 $10.17 $1,017,000 Eliasek M Grier COO 8/29/2014 Buy 20,000 $10.26 $205,200 Eugene S Stark Director 8/28/2014 Buy 4,000 $10.32 $41.300 Brian H Oswald CFO 8/27/2014 Buy 27,300 $10.40 $283,900 John F Barry CEO 6/13/2014 Buy 100,000 $10.37 $1,037,000 John F Barry CEO 6/12/2014 Buy 100,000 $10.33 $1,033,000 Eugene S Stark Director 6/12/2014 Buy 1,000 $10.27 $10,300 Brian H Oswald CFO 6/12/2014 Buy 30,000 $10.25 $307,500 Eliasek M Grier COO 6/12/2014 Buy 24.000 $10.28 $246,700 John F Barry CEO 3/20/2014 Buy 100,000 $10.86 $1,086,000