PennantPark Floating Rate Capital Ltd. (PFLT) to Issue Monthly Dividend of $0.08 on September 1st

PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) declared a monthly dividend on Tuesday, August 4th. Shareholders of record on Friday, August 14th will be paid a dividend of 0.08 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 12.8%. The ex-dividend date of this dividend is Friday, August 14th.

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

PennantPark Floating Rate Capital Stock Performance

PFLT stock opened at $7.50 on Wednesday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.92. The business’s fifty day simple moving average is $7.39 and its two-hundred day simple moving average is $8.16. PennantPark Floating Rate Capital has a twelve month low of $6.83 and a twelve month high of $10.60. The firm has a market cap of $743.65 million, a price-to-earnings ratio of 14.70 and a beta of 0.76.

PennantPark Floating Rate Capital (NYSE:PFLT) last released its earnings results on Monday, August 10th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). The business had revenue of $22.73 million for the quarter. PennantPark Floating Rate Capital had a return on equity of 10.16% and a net margin of 18.53%. Analysts predict that PennantPark Floating Rate Capital will post 1.08 earnings per share for the current year.

About PennantPark Floating Rate Capital

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.