PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) declared a monthly dividend on Tuesday, December 5th, Wall Street Journal reports. Stockholders of record on Tuesday, December 26th will be given a dividend of 0.095 per share by the asset manager on Tuesday, January 2nd. This represents a $1.14 annualized dividend and a dividend yield of 8.24%. The ex-dividend date of this dividend is Friday, December 22nd.

PennantPark Floating Rate Capital (PFLT) traded down $0.01 during mid-day trading on Tuesday, hitting $13.83. 337,200 shares of the stock traded hands, compared to its average volume of 218,405. PennantPark Floating Rate Capital has a 1 year low of $13.24 and a 1 year high of $14.65. The stock has a market capitalization of $532.56, a price-to-earnings ratio of 12.58 and a beta of 0.59.

PennantPark Floating Rate Capital (NASDAQ:PFLT) last released its earnings results on Thursday, November 30th. The asset manager reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). PennantPark Floating Rate Capital had a net margin of 61.05% and a return on equity of 7.66%. The business had revenue of $18.45 million for the quarter, compared to analysts’ expectations of $19.40 million. During the same quarter in the previous year, the business posted $0.31 earnings per share. PennantPark Floating Rate Capital’s revenue for the quarter was up 19.8% on a year-over-year basis. equities research analysts anticipate that PennantPark Floating Rate Capital will post 1.13 earnings per share for the current year.

A number of brokerages recently weighed in on PFLT. Zacks Investment Research lowered shares of PennantPark Floating Rate Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday. ValuEngine upgraded shares of PennantPark Floating Rate Capital from a “hold” rating to a “buy” rating in a report on Friday. Maxim Group restated a “buy” rating and issued a $14.75 price objective on shares of PennantPark Floating Rate Capital in a report on Friday. Finally, Keefe, Bruyette & Woods set a $16.00 price objective on shares of PennantPark Floating Rate Capital and gave the stock a “buy” rating in a report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. PennantPark Floating Rate Capital currently has an average rating of “Buy” and a consensus target price of $15.08.

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PennantPark Floating Rate Capital Company Profile

PennantPark Floating Rate Capital Ltd. is a business development company. The Company is a closed-end, externally managed and non-diversified investment company. Its investment objectives are to generate current income and capital appreciation by investing primarily in floating rate loans and other investments made to the United States middle-market companies.

Dividend History for PennantPark Floating Rate Capital (NASDAQ:PFLT)

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