PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) Announces Monthly Dividend of $0.10

PennantPark Floating Rate Capital Ltd. (NYSE:PFLTGet Free Report) declared a monthly dividend on Tuesday, March 3rd. Investors of record on Monday, March 16th will be paid a dividend of 0.1025 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 14.7%. The ex-dividend date of this dividend is Monday, March 16th.

PennantPark Floating Rate Capital has increased its dividend payment by an average of 0.0%per year over the last three years.

PennantPark Floating Rate Capital Trading Up 1.6%

NYSE:PFLT traded up $0.13 during midday trading on Wednesday, reaching $8.35. The company had a trading volume of 314,813 shares, compared to its average volume of 1,219,377. The business’s fifty day simple moving average is $9.13. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.15 and a quick ratio of 0.15. PennantPark Floating Rate Capital has a 12-month low of $7.97 and a 12-month high of $11.46. The firm has a market cap of $828.49 million, a price-to-earnings ratio of 24.56 and a beta of 0.77.

PennantPark Floating Rate Capital (NYSE:PFLTGet Free Report) last announced its quarterly earnings data on Monday, February 9th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.03). PennantPark Floating Rate Capital had a net margin of 13.03% and a return on equity of 9.72%. The company had revenue of $12.72 million during the quarter.

About PennantPark Floating Rate Capital

(Get Free Report)

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. companies. The fund typically invests between $2 million and $20 million. The fund also invests in equity securities, such as preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments.

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