Pennantpark Floating Rate Capital Ltd (PFLT) Announces $0.10 Monthly Dividend
Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) announced a monthly dividend on Wednesday, February 7th, Wall Street Journal reports. Investors of record on Friday, February 16th will be paid a dividend of 0.095 per share by the asset manager on Thursday, March 1st. This represents a $1.14 dividend on an annualized basis and a dividend yield of 9.35%. The ex-dividend date is Thursday, February 15th.
Shares of Pennantpark Floating Rate Capital (NASDAQ PFLT) opened at $12.19 on Friday. The firm has a market cap of $507.14, a P/E ratio of 13.25 and a beta of 0.54. Pennantpark Floating Rate Capital has a fifty-two week low of $12.00 and a fifty-two week high of $14.65.
Pennantpark Floating Rate Capital (NASDAQ:PFLT) last released its earnings results on Thursday, February 8th. The asset manager reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Pennantpark Floating Rate Capital had a return on equity of 7.82% and a net margin of 47.64%. The business had revenue of $14.84 million for the quarter, compared to analyst estimates of $15.29 million. During the same period in the prior year, the firm posted $0.28 EPS. Pennantpark Floating Rate Capital’s revenue was up 17.5% on a year-over-year basis. equities research analysts anticipate that Pennantpark Floating Rate Capital will post 1.08 earnings per share for the current fiscal year.
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Pennantpark Floating Rate Capital Company Profile
PennantPark Floating Rate Capital Ltd. is a business development company. The Company is a closed-end, externally managed and non-diversified investment company. Its investment objectives are to generate current income and capital appreciation by investing primarily in floating rate loans and other investments made to the United States middle-market companies.
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