PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT - Get Free Report) declared a monthly dividend on Monday, January 6th,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be paid a dividend of 0.1025 per share by the asset manager on Monday, February 3rd. This represents a $1.23 annualized dividend and a yield of 11.12%. The ex-dividend date is Wednesday, January 15th.
PennantPark Floating Rate Capital has decreased its dividend by an average of 35.2% annually over the last three years.
PennantPark Floating Rate Capital Trading Down 0.3 %
PFLT traded down $0.03 during trading on Monday, reaching $11.06. 855,372 shares of the company's stock were exchanged, compared to its average volume of 857,224. The company's fifty day moving average price is $11.03 and its 200-day moving average price is $11.28. The firm has a market capitalization of $920.52 million, a PE ratio of 7.73 and a beta of 1.65. PennantPark Floating Rate Capital has a fifty-two week low of $10.28 and a fifty-two week high of $12.63. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.18 and a current ratio of 0.18.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. Raymond James assumed coverage on PennantPark Floating Rate Capital in a report on Friday, December 20th. They issued a "market perform" rating for the company. StockNews.com lowered PennantPark Floating Rate Capital from a "hold" rating to a "sell" rating in a research report on Tuesday, December 24th.
Check Out Our Latest Report on PFLT
About PennantPark Floating Rate Capital
(
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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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