PennantPark Floating Rate Capital Ltd. (PFLT) to Issue Monthly Dividend of $0.10 on March 2nd

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) declared a monthly dividend on Tuesday, February 3rd. Investors of record on Tuesday, February 17th will be paid a dividend of 0.1025 per share by the asset manager on Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 14.2%. The ex-dividend date of this dividend is Tuesday, February 17th.

PennantPark Floating Rate Capital has raised its dividend by an average of 0.0%annually over the last three years.

PennantPark Floating Rate Capital Trading Down 2.9%

PFLT opened at $8.65 on Friday. PennantPark Floating Rate Capital has a one year low of $8.40 and a one year high of $11.46. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.15 and a quick ratio of 0.15. The business has a 50 day simple moving average of $9.34 and a two-hundred day simple moving average of $9.46. The firm has a market capitalization of $857.74 million, a price-to-earnings ratio of 6.18 and a beta of 0.76.

PennantPark Floating Rate Capital Company Profile

PennantPark Floating Rate Capital, Inc (NASDAQ: PFLT) is a closed-end management investment company organized as a business development company (BDC) under the Investment Company Act of 1940. The firm’s primary objective is to generate current income and, secondarily, capital appreciation for its shareholders through debt and equity investments in middle-market companies. PennantPark Floating Rate Capital focuses on floating-rate instruments to help mitigate interest-rate risk and align cash flows with its dividend strategy.

The company’s portfolio is concentrated in senior secured loans, second-lien debt, mezzanine securities and, from time to time, equity investments.