PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) to Issue Monthly Dividend of $0.10

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) declared a monthly dividend on Monday, January 5th. Stockholders of record on Friday, January 16th will be given a dividend of 0.1025 per share by the asset manager on Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 13.1%. The ex-dividend date of this dividend is Friday, January 16th.

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

PennantPark Floating Rate Capital Price Performance

NASDAQ PFLT opened at $9.41 on Tuesday. The stock has a 50-day simple moving average of $9.21 and a 200 day simple moving average of $9.69. PennantPark Floating Rate Capital has a twelve month low of $8.40 and a twelve month high of $11.50. The stock has a market capitalization of $933.24 million, a PE ratio of 6.72 and a beta of 0.75. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.15 and a current ratio of 0.15.

About PennantPark Floating Rate Capital

PennantPark Floating Rate Capital, Inc (NASDAQ: PFLT) is a closed-end management investment company organized as a business development company (BDC) under the Investment Company Act of 1940. The firm’s primary objective is to generate current income and, secondarily, capital appreciation for its shareholders through debt and equity investments in middle-market companies. PennantPark Floating Rate Capital focuses on floating-rate instruments to help mitigate interest-rate risk and align cash flows with its dividend strategy.

The company’s portfolio is concentrated in senior secured loans, second-lien debt, mezzanine securities and, from time to time, equity investments.