PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) to Issue Special Dividend of $0.00

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

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

PennantPark Floating Rate Capital Stock Performance

Shares of PFLT stock opened at $7.46 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.92. PennantPark Floating Rate Capital has a 52 week low of $7.03 and a 52 week high of $10.88. The firm has a 50 day moving average of $8.17 and a 200-day moving average of $8.58. 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 data on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). PennantPark Floating Rate Capital had a net margin of 23.08% and a return on equity of 9.95%. The company had revenue of $44.81 million for the quarter. On average, equities analysts forecast 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.