PennantPark Floating Rate Capital Ltd. (NYSE:PFLT – Get Free Report) declared a special dividend on Thursday, July 2nd. Investors of record on Wednesday, July 15th will be given a dividend of 0.0033 per share on Monday, August 3rd. This represents a yield of 53.0%. The ex-dividend date of this dividend is Wednesday, July 15th.
PennantPark Floating Rate Capital has raised its dividend by an average of 0.0%annually over the last three years.
PennantPark Floating Rate Capital Stock Down 0.2%
Shares of NYSE PFLT opened at $7.46 on Friday. PennantPark Floating Rate Capital has a 52-week low of $7.03 and a 52-week high of $10.88. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.18 and a current ratio of 0.18. The stock has a market cap of $740.68 million, a P/E ratio of 12.04 and a beta of 0.76. The firm has a 50 day moving average price of $8.15 and a 200 day moving average price of $8.58.
About PennantPark Floating Rate Capital
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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