PennantPark Floating Rate Capital Ltd. Plans Monthly Dividend of $0.10 (NYSE:PFLT)

PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) declared a monthly dividend on Tuesday, March 3rd. Shareholders of record on Monday, March 16th will be paid a dividend of 0.1025 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 14.8%. The ex-dividend date of this dividend is Monday, March 16th.

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

PennantPark Floating Rate Capital Stock Performance

Shares of PFLT stock traded up $0.11 on Wednesday, hitting $8.33. The company’s stock had a trading volume of 340,499 shares, compared to its average volume of 1,220,035. PennantPark Floating Rate Capital has a fifty-two week low of $7.97 and a fifty-two week high of $11.46. The company has a market cap of $826.50 million, a P/E ratio of 24.50 and a beta of 0.77. The business has a 50 day simple moving average of $9.13. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.15 and a quick ratio of 0.15.

PennantPark Floating Rate Capital (NYSE:PFLT) last issued its quarterly earnings data on Monday, February 9th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.03). The business had revenue of $12.72 million during the quarter. PennantPark Floating Rate Capital had a return on equity of 9.72% and a net margin of 13.03%.

PennantPark Floating Rate Capital Company Profile

PennantPark Floating Rate Capital Ltd. is a business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. It primarily invests in the United States and to a limited extent non-U.S. companies. The fund typically invests between $2 million and $20 million. The fund also invests in equity securities, such as preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments.