PennantPark Floating Rate Capital Ltd. (NYSE:PFLT – Get Free Report) declared a monthly dividend on Friday, October 2nd. Investors of record on Thursday, October 15th will be paid a dividend of $0.08 per share on Monday, November 2nd. This represents a $0.96 annualized dividend and a dividend yield of 14.4%. The ex-dividend date of this dividend is Thursday, October 15th.
PennantPark Floating Rate Capital Stock Performance
Shares of PennantPark Floating Rate Capital stock opened at $6.67 on Tuesday. The company has a 50 day moving average price of $7.18 and a 200 day moving average price of $7.68. The firm has a market capitalization of $662.29 million, a P/E ratio of 13.09 and a beta of 0.80. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.94. PennantPark Floating Rate Capital has a 52 week low of $6.58 and a 52 week high of $9.75.
PennantPark Floating Rate Capital (NYSE:PFLT – Get Free Report) last released its earnings results on Monday, August 10th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). The company had revenue of $66.09 million for the quarter. PennantPark Floating Rate Capital had a return on equity of 10.24% and a net margin of 18.53%. Sell-side analysts expect that PennantPark Floating Rate Capital will post 1.06 EPS for the current year.
PennantPark Floating Rate Capital Company Profile
PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) is a business development company that invests in privately held, middle-market businesses. The company seeks to generate current income and preserve capital primarily through investments in floating-rate, senior secured loans.
PennantPark Floating Rate Capital’s portfolio may also include second-lien loans, subordinated debt and equity-related investments. Its investments are generally made in companies across a range of industries, with an emphasis on providing financing to businesses that may not have access to traditional public debt markets.
The company was established in 2011 and is externally managed by PennantPark Investment Advisers, LLC, an affiliate of PennantPark Investment Corporation.
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