PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) Plans $0.10 Monthly Dividend

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) announced a monthly dividend on Tuesday, November 4th. Stockholders of record on Monday, November 17th will be given a dividend of 0.1025 per share by the asset manager on Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date of this dividend is Monday, November 17th.

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

PennantPark Floating Rate Capital Price Performance

Shares of NASDAQ PFLT traded down $0.05 during mid-day trading on Wednesday, reaching $9.10. 227,208 shares of the company traded hands, compared to its average volume of 1,140,729. PennantPark Floating Rate Capital has a fifty-two week low of $8.40 and a fifty-two week high of $11.50. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.15 and a quick ratio of 0.15. The firm has a market cap of $902.39 million, a PE ratio of 6.50 and a beta of 0.96. The stock has a fifty day simple moving average of $9.37 and a 200-day simple moving average of $9.98.

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.