PennantPark Floating Rate Capital Ltd. (PFLT) To Go Ex-Dividend on February 18th

Posted by Francis Steltz on Feb 16th, 2025

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT – Get Free Report) announced a monthly dividend on Wednesday, February 5th,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.1025 per share by the asset manager on Monday, March 3rd. This represents a $1.23 annualized dividend and a yield of 11.01%. The ex-dividend date is Tuesday, February 18th.

PennantPark Floating Rate Capital has increased its dividend by an average of 2.6% annually over the last three years. PennantPark Floating Rate Capital has a dividend payout ratio of 94.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect PennantPark Floating Rate Capital to earn $1.24 per share next year, which means the company should continue to be able to cover its $1.23 annual dividend with an expected future payout ratio of 99.2%.

PennantPark Floating Rate Capital Price Performance

PFLT stock opened at $11.18 on Friday. The stock has a 50-day moving average price of $11.03 and a two-hundred day moving average price of $11.20. The stock has a market cap of $930.10 million, a PE ratio of 8.72 and a beta of 1.65. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.63. PennantPark Floating Rate Capital has a 1 year low of $10.28 and a 1 year high of $12.02.

Analyst Upgrades and Downgrades

PFLT has been the subject of a number of research reports. Raymond James initiated coverage on PennantPark Floating Rate Capital in a report on Friday, December 20th. They set a “market perform” rating for the company. StockNews.com upgraded PennantPark Floating Rate Capital from a “sell” rating to a “hold” rating in a report on Wednesday.

Check Out Our Latest Stock Analysis on PFLT

PennantPark Floating Rate Capital Company Profile

(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.