PennantPark Floating Rate Capital Ltd. (PFLT) To Go Ex-Dividend on March 14th

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) declared a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Investors of record on Friday, March 14th will be given a dividend of 0.1025 per share by the asset manager on Tuesday, April 1st. This represents a $1.23 dividend on an annualized basis and a dividend yield of 11.05%. The ex-dividend date of this dividend is Friday, March 14th.

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 Price Performance

PennantPark Floating Rate Capital stock opened at $11.14 on Thursday. PennantPark Floating Rate Capital has a 52-week low of $10.28 and a 52-week high of $12.02. The company’s 50 day moving average is $11.12 and its two-hundred day moving average is $11.22. The firm has a market cap of $979.39 million, a PE ratio of 7.95 and a beta of 1.65. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.57.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of PennantPark Floating Rate Capital from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Raymond James began coverage on shares of PennantPark Floating Rate Capital in a research note on Friday, December 20th. They set a “market perform” rating on the stock.

About PennantPark Floating Rate Capital

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.