PennantPark Investment Co. (NASDAQ:PNNT – Get Free Report) announced a monthly dividend on Friday, October 2nd. Investors of record on Thursday, October 15th will be paid a dividend of $0.04 per share by the asset manager on Monday, November 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 15.0%. The ex-dividend date of this dividend is Thursday, October 15th.
PennantPark Investment has increased its dividend by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 1 years. PennantPark Investment has a dividend payout ratio of 67.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect PennantPark Investment to earn $0.80 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 60.0%.
PennantPark Investment Price Performance
NASDAQ PNNT opened at $3.19 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.56. The company has a market cap of $208.62 million, a PE ratio of 12.29 and a beta of 0.65. PennantPark Investment has a 52 week low of $3.14 and a 52 week high of $6.67. The firm’s 50-day simple moving average is $3.55 and its two-hundred day simple moving average is $3.81.
PennantPark Investment Company Profile
PennantPark Investment Corporation is a business development company that provides financing to privately held, middle-market businesses. The company seeks to generate current income and, to a lesser extent, capital appreciation by investing in debt and equity securities.
Its investment portfolio primarily includes senior secured loans, second-lien loans, subordinated debt and equity investments. PennantPark Investment generally focuses on companies across a range of industries and uses its financing to support acquisitions, recapitalizations, growth initiatives and other corporate activities.
Founded in 2007, PennantPark Investment is externally managed by PennantPark Investment Advisers, an affiliate of PennantPark Investment Advisors.
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