PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) declared a monthly dividend on Thursday, November 2nd, NASDAQ reports. Stockholders of record on Friday, November 17th will be given a dividend of 0.095 per share by the asset manager on Friday, December 1st. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.17%. The ex-dividend date is Thursday, November 16th.

PennantPark Floating Rate Capital (NASDAQ:PFLT) traded down $0.03 during trading on Friday, hitting $13.96. 146,460 shares of the stock were exchanged, compared to its average volume of 505,222. The company has a market cap of $454.40, a P/E ratio of 12.84 and a beta of 0.60. PennantPark Floating Rate Capital has a fifty-two week low of $13.10 and a fifty-two week high of $14.65.

PennantPark Floating Rate Capital (NASDAQ:PFLT) last released its quarterly earnings results on Tuesday, August 8th. The asset manager reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The business had revenue of $15.19 million for the quarter, compared to the consensus estimate of $15.17 million. PennantPark Floating Rate Capital had a net margin of 73.28% and a return on equity of 7.26%. research analysts predict that PennantPark Floating Rate Capital will post 1.14 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This story was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/11/11/pennantpark-floating-rate-capital-ltd-pflt-to-issue-0-10-monthly-dividend.html.

A number of research analysts have recently weighed in on PFLT shares. BidaskClub downgraded shares of PennantPark Floating Rate Capital from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Maxim Group restated a “buy” rating and set a $14.75 price target on shares of PennantPark Floating Rate Capital in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of PennantPark Floating Rate Capital from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Tuesday, August 15th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $15.50 price target on shares of PennantPark Floating Rate Capital in a report on Thursday, August 31st. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $15.08.

About PennantPark Floating Rate Capital

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)

Receive News & Stock Ratings for PennantPark Floating Rate Capital Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PennantPark Floating Rate Capital Ltd. and related stocks with our FREE daily email newsletter.