PennantPark Floating Rate Capital Ltd. (PFLT) to Issue Monthly Dividend of $0.10 on January 2nd

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) announced a monthly dividend on Tuesday, December 3rd,Wall Street Journal reports. Investors of record on Monday, December 16th will be paid a dividend of 0.1025 per share by the asset manager on Thursday, January 2nd. This represents a $1.23 annualized dividend and a yield of 11.15%. The ex-dividend date is Monday, December 16th.

PennantPark Floating Rate Capital has decreased its dividend by an average of 35.2% per year over the last three years.

PennantPark Floating Rate Capital Stock Down 0.1 %

Shares of NASDAQ PFLT opened at $11.03 on Friday. The company’s 50 day moving average price is $11.28 and its 200-day moving average price is $11.34. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.18 and a current ratio of 0.18. PennantPark Floating Rate Capital has a 52-week low of $10.28 and a 52-week high of $12.63. The company has a market capitalization of $918.03 million, a P/E ratio of 7.71 and a beta of 1.65.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of PennantPark Floating Rate Capital from a “sell” rating to a “hold” rating in a report on Monday, November 25th.

PennantPark Floating Rate Capital Company Profile

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.