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

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.1025 per share by the asset manager on Thursday, May 1st. This represents a $1.23 annualized dividend and a yield of 11.12%. The ex-dividend date is Tuesday, April 15th.

PennantPark Floating Rate Capital has decreased its dividend payment by an average of 35.2% annually over the last three years.

PennantPark Floating Rate Capital Stock Down 0.1 %

Shares of PFLT traded down $0.02 during midday trading on Thursday, reaching $11.07. 2,319,720 shares of the stock were exchanged, compared to its average volume of 943,693. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $973.23 million, a P/E ratio of 7.90 and a beta of 1.67. The company’s 50 day moving average is $11.17 and its two-hundred day moving average is $11.20. PennantPark Floating Rate Capital has a 52 week low of $10.28 and a 52 week high of $12.02.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PFLT. Raymond James began coverage on shares of PennantPark Floating Rate Capital in a report on Friday, December 20th. They set a “market perform” rating on the stock. StockNews.com lowered shares of PennantPark Floating Rate Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th.

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.