PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) Plans Monthly Dividend of $0.10

Posted by Tech Dows on Feb 6th, 2025

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT – Get Free Report) announced a monthly dividend on Wednesday, February 5th,Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be paid a dividend of 0.1025 per share by the asset manager on Monday, March 3rd. This represents a $1.23 annualized dividend and a yield of 11.13%. The ex-dividend date of this dividend is Tuesday, February 18th.

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 traded down $0.02 during trading hours on Thursday, hitting $11.06. 1,298,449 shares of the company were exchanged, compared to its average volume of 891,306. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $920.11 million, a price-to-earnings ratio of 7.73 and a beta of 1.65. The firm has a fifty day simple moving average of $11.02 and a 200 day simple moving average of $11.20. PennantPark Floating Rate Capital has a 52-week low of $10.28 and a 52-week high of $12.02.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PFLT shares. StockNews.com downgraded shares of PennantPark Floating Rate Capital from a “hold” rating to a “sell” rating in a report on Tuesday, January 28th. Raymond James began coverage on PennantPark Floating Rate Capital in a research report on Friday, December 20th. They issued a “market perform” rating for the company.

Read Our Latest Research Report on PennantPark Floating Rate Capital

PennantPark Floating Rate Capital Company Profile

(Get Free Report)

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.