PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT - Get Free Report) announced 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 annualized dividend and a dividend yield of 11.04%. 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 Trading Up 1.0 %
PFLT traded up $0.11 during midday trading on Friday, reaching $11.15. 1,214,257 shares of the company's stock traded hands, compared to its average volume of 1,294,313. PennantPark Floating Rate Capital has a 52 week low of $10.28 and a 52 week high of $12.02. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.15 and a quick ratio of 0.15. The firm has a fifty day moving average of $11.13 and a two-hundred day moving average of $11.22. The stock has a market capitalization of $980.27 million, a price-to-earnings ratio of 7.96 and a beta of 1.67.
Wall Street Analyst Weigh In
A number of analysts recently commented on PFLT shares. StockNews.com raised PennantPark Floating Rate Capital from a "sell" rating to a "hold" rating in a research note on Friday. Raymond James started coverage on shares of PennantPark Floating Rate Capital in a report on Friday, December 20th. They issued a "market perform" rating for the company.
Read Our Latest Analysis on PennantPark Floating Rate Capital
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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