PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) Announces $0.00 Special Dividend

PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) announced a special dividend on Thursday, July 2nd. Investors of record on Wednesday, July 15th will be paid a dividend of 0.0033 per share on Monday, August 3rd. This represents a yield of 53.0%. The ex-dividend date is Wednesday, July 15th.

PennantPark Floating Rate Capital has increased its dividend by an average of 0.0%annually over the last three years.

PennantPark Floating Rate Capital Trading Down 0.6%

PFLT opened at $7.46 on Friday. The firm has a 50 day simple moving average of $8.17 and a 200 day simple moving average of $8.58. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.18 and a quick ratio of 0.18. PennantPark Floating Rate Capital has a fifty-two week low of $7.03 and a fifty-two week high of $10.88. The company has a market cap of $740.66 million, a price-to-earnings ratio of 12.04 and a beta of 0.76.

PennantPark Floating Rate Capital (NYSE:PFLT) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The firm had revenue of $44.81 million during the quarter. PennantPark Floating Rate Capital had a net margin of 23.08% and a return on equity of 9.95%. On average, sell-side analysts anticipate that PennantPark Floating Rate Capital will post 1.08 earnings per share for the current year.

PennantPark Floating Rate Capital Company Profile

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. companies. The fund typically invests between $2 million and $20 million. The fund also invests in equity securities, such as preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments.