PennantPark Investment Co. (PNNT) to Issue Monthly Dividend of $0.04 on June 1st

PennantPark Investment Co. (NASDAQ:PNNT) declared a monthly dividend on Monday, May 4th. Stockholders of record on Friday, May 15th will be given a dividend of 0.04 per share by the asset manager on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend is Friday, May 15th.

PennantPark Investment has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 years. PennantPark Investment has a dividend payout ratio of 67.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect PennantPark Investment to earn $0.80 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 60.0%.

PennantPark Investment Trading Up 3.3%

NASDAQ PNNT opened at $4.28 on Wednesday. The firm has a market capitalization of $279.14 million, a PE ratio of 16.44 and a beta of 0.63. The business’s 50-day moving average price is $4.65 and its two-hundred day moving average price is $5.48. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.56. PennantPark Investment has a 12 month low of $4.11 and a 12 month high of $7.53.

About PennantPark Investment

PennantPark Investment Corporation is a publicly traded closed-end management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. Since its formation in 2006, PennantPark has focused on providing customized financing solutions to middle-market companies across the United States. The firm’s investment advisory services are provided by PennantPark Investment Advisers, LLC, which sources and structures transactions tailored to the unique needs of its portfolio companies.

The company’s core strategy centers on debt and equity investments in U.S.-based businesses, typically those with annual revenues between $10 million and $200 million.