PennantPark Investment Co. (NASDAQ:PNNT – Get Free Report) announced a monthly dividend on Tuesday, August 4th. Investors of record on Friday, August 14th will be given a dividend of 0.04 per share by the asset manager on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 13.8%. The ex-dividend date of this dividend is Friday, August 14th.
PennantPark Investment has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 1 years. PennantPark Investment has a dividend payout ratio of 67.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect PennantPark Investment to earn $0.80 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 60.0%.
PennantPark Investment Stock Performance
Shares of PNNT stock opened at $3.48 on Thursday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market capitalization of $226.90 million, a price-to-earnings ratio of 13.37 and a beta of 0.59. PennantPark Investment has a one year low of $3.19 and a one year high of $7.53. The company has a 50 day moving average price of $3.52 and a 200 day moving average price of $4.39.
PennantPark Investment Company Profile
PennantPark Investment Corporation is a publicly traded closed-end management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. Since its formation in 2006, PennantPark has focused on providing customized financing solutions to middle-market companies across the United States. The firm’s investment advisory services are provided by PennantPark Investment Advisers, LLC, which sources and structures transactions tailored to the unique needs of its portfolio companies.
The company’s core strategy centers on debt and equity investments in U.S.-based businesses, typically those with annual revenues between $10 million and $200 million.
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