PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) Plans Monthly Dividend of $0.08

PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) announced a monthly dividend on Tuesday, August 4th. Investors of record on Friday, August 14th will be paid a dividend of 0.08 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 13.3%. The ex-dividend date is Friday, August 14th.

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

PennantPark Floating Rate Capital Price Performance

Shares of PFLT opened at $7.20 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.18 and a quick ratio of 0.18. The company has a market capitalization of $714.48 million, a price-to-earnings ratio of 11.61 and a beta of 0.76. The business’s 50-day moving average is $7.48 and its 200-day moving average is $8.23. PennantPark Floating Rate Capital has a fifty-two week low of $6.83 and a fifty-two week high of $10.60.

PennantPark Floating Rate Capital (NYSE:PFLT) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). The company had revenue of $44.81 million for the quarter. PennantPark Floating Rate Capital had a net margin of 23.08% and a return on equity of 9.95%. Equities research analysts expect that PennantPark Floating Rate Capital will post 1.08 EPS for the current fiscal year.

About PennantPark Floating Rate Capital

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.