PennantPark Floating Rate Capital Ltd. (PFLT) To Go Ex-Dividend on August 14th

PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) declared a monthly dividend on Tuesday, August 4th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.08 per share on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 13.5%. The ex-dividend date of this dividend is Friday, August 14th.

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

PennantPark Floating Rate Capital Stock Performance

Shares of PennantPark Floating Rate Capital stock opened at $7.09 on Thursday. The business has a 50-day simple moving average of $7.46 and a 200-day simple moving average of $8.21. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.18 and a current ratio of 0.18. PennantPark Floating Rate Capital has a one year low of $6.83 and a one year high of $10.60. The company has a market cap of $703.97 million, a PE ratio of 11.44 and a beta of 0.76.

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

About PennantPark Floating Rate Capital

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.