PennantPark Floating Rate Capital Ltd. (NYSE:PFLT – Get Free Report) declared a monthly dividend on Thursday, April 2nd. Shareholders of record on Wednesday, April 15th will be paid a dividend of 0.1025 per share on Friday, May 1st. This represents a c) annualized dividend and a yield of 14.7%. The ex-dividend date of this dividend is Wednesday, April 15th.
PennantPark Floating Rate Capital has increased its dividend payment by an average of 0.0%annually over the last three years.
PennantPark Floating Rate Capital Stock Performance
PFLT traded down $0.05 during trading on Monday, hitting $8.38. The stock had a trading volume of 600,320 shares, compared to its average volume of 1,148,193. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 0.15. The firm has a market capitalization of $830.97 million, a P/E ratio of 24.66 and a beta of 0.75. The company’s 50-day moving average price is $8.44 and its 200 day moving average price is $8.92. PennantPark Floating Rate Capital has a twelve month low of $7.68 and a twelve month high of $10.88.
PennantPark Floating Rate Capital Company Profile
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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