PennantPark Floating Rate Capital Ltd. (PFLT) To Go Ex-Dividend on April 15th

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.1025 per share by the asset manager on Thursday, May 1st. This represents a $1.23 dividend on an annualized basis and a yield of 12.26%. The ex-dividend date is Tuesday, April 15th.

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

PennantPark Floating Rate Capital Price Performance

PennantPark Floating Rate Capital stock opened at $10.04 on Friday. The firm has a market capitalization of $882.64 million, a P/E ratio of 7.17 and a beta of 1.67. The business has a 50-day moving average of $11.14 and a 200-day moving average of $11.19. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.57. PennantPark Floating Rate Capital has a 1 year low of $10.02 and a 1 year high of $12.02.

Wall Street Analyst Weigh In

A number of analysts recently commented on PFLT shares. Raymond James initiated coverage on shares of PennantPark Floating Rate Capital in a research note on Friday, December 20th. They issued a “market perform” rating on the stock. StockNews.com raised shares of PennantPark Floating Rate Capital from a “sell” rating to a “hold” rating in a research note on Thursday.

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.