PennantPark Investment Co. (PNNT) To Go Ex-Dividend on February 17th

PennantPark Investment Co. (NASDAQ:PNNT) declared a monthly dividend on Tuesday, February 3rd. Stockholders of record on Tuesday, February 17th will be paid a dividend of 0.08 per share by the asset manager on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 18.5%. The ex-dividend date is Tuesday, February 17th.

PennantPark Investment has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 1 years. PennantPark Investment has a payout ratio of 135.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect PennantPark Investment to earn $0.80 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 120.0%.

PennantPark Investment Stock Performance

NASDAQ PNNT opened at $5.19 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.56. PennantPark Investment has a twelve month low of $5.08 and a twelve month high of $7.53. The business has a 50-day moving average price of $5.88 and a 200-day moving average price of $6.42. The firm has a market cap of $338.56 million, a price-to-earnings ratio of 19.94 and a beta of 0.64.

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.