PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) announced a monthly dividend on Thursday, September 7th, Wall Street Journal reports. Stockholders of record on Wednesday, September 20th will be paid a dividend of 0.095 per share by the asset manager on Monday, October 2nd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.96%. The ex-dividend date is Tuesday, September 19th.

Shares of PennantPark Floating Rate Capital (PFLT) opened at 14.33 on Monday. PennantPark Floating Rate Capital has a 52 week low of $12.21 and a 52 week high of $14.45. The stock has a 50 day moving average price of $14.22 and a 200-day moving average price of $14.03.

PennantPark Floating Rate Capital (NASDAQ:PFLT) last issued its earnings results on Tuesday, August 8th. The asset manager reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). PennantPark Floating Rate Capital had a return on equity of 7.26% and a net margin of 73.28%. The firm had revenue of $15.19 million during the quarter, compared to analyst estimates of $15.17 million. On average, equities research analysts forecast that PennantPark Floating Rate Capital will post $1.16 EPS for the current fiscal year.

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PFLT has been the subject of a number of recent research reports. Zacks Investment Research cut PennantPark Floating Rate Capital from a “buy” rating to a “hold” rating in a report on Saturday, September 9th. Maxim Group reaffirmed a “buy” rating and issued a $14.75 target price on shares of PennantPark Floating Rate Capital in a report on Wednesday, August 9th. BidaskClub raised PennantPark Floating Rate Capital from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $15.50 target price on shares of PennantPark Floating Rate Capital in a report on Thursday, August 31st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $15.00.

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.

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

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