PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) Announces Monthly Dividend of $0.08

PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) announced a monthly dividend on Friday, October 2nd. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.08 per share on Monday, November 2nd. This represents a $0.96 dividend on an annualized basis and a dividend 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 current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.94. The business has a 50-day moving average of $7.18 and a 200-day moving average of $7.68. The firm has a market capitalization of $662.29 million, a price-to-earnings ratio of 13.09 and a beta of 0.80. PennantPark Floating Rate Capital has a 12 month low of $6.58 and a 12 month high of $9.75.

PennantPark Floating Rate Capital (NYSE:PFLT) last announced its earnings results on Monday, August 10th. The company reported $0.26 earnings per share 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 company had revenue of $66.09 million during the quarter. Sell-side 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. (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.