PennantPark Floating Rate Capital Ltd. (PFLT) To Go Ex-Dividend on February 17th

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) declared a monthly dividend on Tuesday, February 3rd. Shareholders of record on Tuesday, February 17th will be given a dividend of 0.1025 per share by the asset manager on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 13.0%. The ex-dividend date of this dividend is Tuesday, February 17th.

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

PennantPark Floating Rate Capital Trading Up 2.0%

NASDAQ:PFLT opened at $9.50 on Thursday. PennantPark Floating Rate Capital has a one year low of $8.40 and a one year high of $11.50. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.15 and a quick ratio of 0.15. The firm has a market capitalization of $942.07 million, a P/E ratio of 6.78 and a beta of 0.76. The company’s 50-day simple moving average is $9.36 and its 200 day simple moving average is $9.54.

PennantPark Floating Rate Capital Company Profile

PennantPark Floating Rate Capital, Inc (NASDAQ: PFLT) is a closed-end management investment company organized as a business development company (BDC) under the Investment Company Act of 1940. The firm’s primary objective is to generate current income and, secondarily, capital appreciation for its shareholders through debt and equity investments in middle-market companies. PennantPark Floating Rate Capital focuses on floating-rate instruments to help mitigate interest-rate risk and align cash flows with its dividend strategy.

The company’s portfolio is concentrated in senior secured loans, second-lien debt, mezzanine securities and, from time to time, equity investments.