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

Posted by Brian Himes on Apr 5th, 2025

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT – Get Free Report) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.1025 per share by the asset manager on Thursday, May 1st. This represents a $1.23 dividend on an annualized basis and a dividend yield of 12.26%. 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 Trading Down 9.3 %

NASDAQ PFLT opened at $10.04 on Friday. 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 stock has a 50 day moving average of $11.14 and a 200-day moving average of $11.19. PennantPark Floating Rate Capital has a 12 month low of $10.02 and a 12 month high of $12.02. The company has a market cap of $882.64 million, a PE ratio of 7.17 and a beta of 1.67.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PFLT. StockNews.com upgraded PennantPark Floating Rate Capital from a “sell” rating to a “hold” rating in a research note on Thursday. Raymond James initiated coverage on shares of PennantPark Floating Rate Capital in a research report on Friday, December 20th. They issued a “market perform” rating on the stock.

Read Our Latest Stock Analysis on PennantPark Floating Rate Capital

About PennantPark Floating Rate Capital

(Get Free Report)

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.