PennantPark Floating Rate Capital (NASDAQ:PFLT) announced a monthly dividend on Thursday, January 3rd. Shareholders of record on Tuesday, January 22nd will be paid a dividend of $0.08 per share on Friday, February 1st. This represents a $0.99 annualized dividend and a dividend yield of 7.66%. The ex-dividend date is Thursday, January 17th.

On a related note, analysts at JMP Securities initiated coverage on shares of PennantPark Floating Rate Capital in a research note to investors on Wednesday, October 24th. They set an “outperform” rating and a $14.50 price target on the stock.

PennantPark Floating Rate Capital (PFLT) traded down 0.61% on Thursday, hitting $13.01. PennantPark Floating Rate Capital (PFLT) has a 52-week low of $10.47 and a 52-week high of $13.39. The stock’s 50-day moving average is currently $12.82.

PennantPark Floating Rate Capital Ltd. (PennantPark Floating Rate Capital) is a development-stage company.

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