PennantPark Floating Rate Capital Ltd. (PFLT) to Issue Monthly Dividend of $0.10 on June 1st

PennantPark Floating Rate Capital Ltd. (NYSE:PFLTGet Free Report) announced a monthly dividend on Monday, May 4th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.1025 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 14.0%. The ex-dividend date is Friday, May 15th.

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

PennantPark Floating Rate Capital Trading Up 0.2%

NYSE:PFLT opened at $8.76 on Wednesday. The stock has a fifty day simple moving average of $8.42 and a 200 day simple moving average of $8.92. The firm has a market capitalization of $868.77 million, a price-to-earnings ratio of 14.12 and a beta of 0.78. PennantPark Floating Rate Capital has a 1-year low of $7.68 and a 1-year high of $10.88. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 0.92.

PennantPark Floating Rate Capital (NYSE:PFLTGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). The company had revenue of $44.81 million for the quarter. PennantPark Floating Rate Capital had a return on equity of 9.95% and a net margin of 23.08%. Sell-side analysts forecast that PennantPark Floating Rate Capital will post 1.13 earnings per share for the current year.

PennantPark Floating Rate Capital Company Profile

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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.

See Also

Dividend History for PennantPark Floating Rate Capital (NYSE:PFLT)

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