PennantPark Floating Rate Capital Ltd. (PFLT) to Distribute Special Dividend of $0.00 on October 1st

PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) declared a special dividend on Wednesday, September 2nd. Investors of record on Tuesday, September 15th will be given a dividend of 0.0033 per share on Thursday, October 1st. This represents a dividend yield of 1,295.0%. The ex-dividend date of this dividend is Tuesday, September 15th.

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

NYSE:PFLT opened at $7.41 on Friday. The firm’s fifty day simple moving average is $7.27 and its 200 day simple moving average is $7.93. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.94. PennantPark Floating Rate Capital has a twelve month low of $6.83 and a twelve month high of $10.30. The firm has a market capitalization of $735.22 million, a price-to-earnings ratio of 14.53 and a beta of 0.78.

PennantPark Floating Rate Capital (NYSE:PFLT) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $66.09 million during the quarter. As a group, equities research analysts expect that PennantPark Floating Rate Capital will post 1.06 earnings per share 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.