PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT – Get Free Report) announced a monthly dividend on Tuesday, December 3rd,Wall Street Journal reports. Shareholders of record on Monday, December 16th will be paid a dividend of 0.1025 per share by the asset manager on Thursday, January 2nd. This represents a $1.23 dividend on an annualized basis and a yield of 11.15%. The ex-dividend date of this dividend is Monday, December 16th.
PennantPark Floating Rate Capital has decreased its dividend payment by an average of 35.2% per year over the last three years.
PennantPark Floating Rate Capital Stock Performance
Shares of PFLT stock opened at $11.03 on Friday. PennantPark Floating Rate Capital has a 12 month low of $10.28 and a 12 month high of $12.63. The firm has a market capitalization of $918.03 million, a PE ratio of 7.71 and a beta of 1.65. The firm has a fifty day simple moving average of $11.28 and a two-hundred day simple moving average of $11.34. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.63.
Wall Street Analysts Forecast Growth
View Our Latest Report on PennantPark Floating Rate Capital
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.
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