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 11.14%. The ex-dividend date of this dividend is Tuesday, February 18th.
PennantPark Floating Rate Capital has decreased its dividend by an average of 35.2% annually over the last three years.
PennantPark Floating Rate Capital Price Performance
Shares of PFLT stock traded up $0.01 during trading hours on Monday, hitting $11.05. 1,690,502 shares of the company's stock were exchanged, compared to its average volume of 947,471. PennantPark Floating Rate Capital has a 12-month low of $10.28 and a 12-month high of $12.02. The company has a market capitalization of $919.28 million, a PE ratio of 7.72 and a beta of 1.65. The business's 50 day simple moving average is $11.02 and its 200-day simple moving average is $11.20. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.63.
Analyst Upgrades and Downgrades
Several research firms have weighed in on PFLT. StockNews.com downgraded shares of PennantPark Floating Rate Capital from a "hold" rating to a "sell" rating in a research note on Tuesday, January 28th. Raymond James started coverage on PennantPark Floating Rate Capital in a research note on Friday, December 20th. They issued a "market perform" rating for the company.
View Our Latest Research Report 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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