Pennantpark Floating Rate Capital Ltd (PFLT) Announces Monthly Dividend of $0.10
Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) announced a monthly dividend on Monday, March 5th, Zacks reports. Stockholders of record on Monday, March 19th will be given a dividend of 0.095 per share by the asset manager on Monday, April 2nd. This represents a $1.14 annualized dividend and a dividend yield of 8.70%. The ex-dividend date is Friday, March 16th.
Shares of Pennantpark Floating Rate Capital (PFLT) opened at $13.10 on Friday. The firm has a market cap of $507.91, a P/E ratio of 12.02 and a beta of 0.60. Pennantpark Floating Rate Capital has a twelve month low of $12.00 and a twelve month high of $14.65.
Pennantpark Floating Rate Capital (NASDAQ:PFLT) last posted its earnings results on Thursday, February 8th. The asset manager reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.01). The firm had revenue of $14.84 million for the quarter, compared to the consensus estimate of $15.29 million. Pennantpark Floating Rate Capital had a return on equity of 7.49% and a net margin of 47.64%. The business’s revenue was up 17.5% on a year-over-year basis. During the same period last year, the company posted $0.28 EPS. equities analysts predict that Pennantpark Floating Rate Capital will post 0.74 earnings per share for the current year.
In related news, insider Arthur H. Penn purchased 10,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average price of $12.57 per share, with a total value of $125,700.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Samuel L. Katz purchased 17,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was bought at an average cost of $12.64 per share, for a total transaction of $214,880.00. Following the acquisition, the director now directly owns 136,800 shares in the company, valued at $1,729,152. The disclosure for this purchase can be found here. Insiders bought a total of 36,000 shares of company stock worth $457,400 in the last three months. Insiders own 1.00% of the company’s stock.
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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.
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