PennantPark Floating Rate Capital Ltd. (PFLT) to Issue Monthly Dividend of $0.08 on November 2nd

PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) declared a monthly dividend on Friday, October 2nd. Shareholders of record on Thursday, October 15th will be given a dividend of $0.08 per share on Monday, November 2nd. This represents a $0.96 annualized dividend and a yield of 14.4%. The ex-dividend date is Thursday, October 15th.

PennantPark Floating Rate Capital Stock Down 0.1%

Shares of NYSE PFLT opened at $6.67 on Tuesday. The company has a market capitalization of $662.29 million, a P/E ratio of 13.09 and a beta of 0.80. PennantPark Floating Rate Capital has a 52-week low of $6.58 and a 52-week high of $9.75. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.19 and a current ratio of 0.19. The company’s 50 day moving average price is $7.18 and its 200-day moving average price is $7.68.

PennantPark Floating Rate Capital (NYSE:PFLT) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). PennantPark Floating Rate Capital had a net margin of 18.53% and a return on equity of 10.24%. The firm had revenue of $66.09 million during the quarter. Equities analysts forecast that PennantPark Floating Rate Capital will post 1.06 earnings per share for the current year.

About PennantPark Floating Rate Capital

PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) is a business development company that invests in privately held, middle-market businesses. The company seeks to generate current income and preserve capital primarily through investments in floating-rate, senior secured loans.

PennantPark Floating Rate Capital’s portfolio may also include second-lien loans, subordinated debt and equity-related investments. Its investments are generally made in companies across a range of industries, with an emphasis on providing financing to businesses that may not have access to traditional public debt markets.

The company was established in 2011 and is externally managed by PennantPark Investment Advisers, LLC, an affiliate of PennantPark Investment Corporation.