PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) Announces $0.00 Special Dividend

PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) declared a special dividend on Thursday, July 2nd. Investors of record on Wednesday, July 15th will be paid a dividend of 0.0033 per share on Monday, August 3rd. This represents a yield of 53.0%. The ex-dividend date is Wednesday, July 15th.

PennantPark Floating Rate Capital has increased its dividend by an average of 0.0%per year over the last three years.

PennantPark Floating Rate Capital Stock Performance

Shares of NYSE:PFLT opened at $7.46 on Friday. PennantPark Floating Rate Capital has a 1 year low of $7.03 and a 1 year high of $10.88. The stock has a market capitalization of $740.66 million, a price-to-earnings ratio of 12.04 and a beta of 0.76. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.18 and a quick ratio of 0.18. The company’s 50 day simple moving average is $8.17 and its 200 day simple moving average is $8.58.

PennantPark Floating Rate Capital (NYSE:PFLT) last released its earnings results on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). The business had revenue of $44.81 million for the quarter. PennantPark Floating Rate Capital had a return on equity of 9.95% and a net margin of 23.08%. As a group, research analysts predict that PennantPark Floating Rate Capital will post 1.08 EPS for the current fiscal year.

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.