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

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) announced a monthly dividend on Thursday, February 6th,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.1025 per share by the asset manager on Monday, March 3rd. This represents a $1.23 dividend on an annualized basis and a yield of 11.13%. The ex-dividend date is Tuesday, February 18th.

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

PennantPark Floating Rate Capital Stock Down 0.1 %

PFLT traded down $0.02 during mid-day trading on Thursday, reaching $11.06. 1,298,367 shares of the stock were exchanged, compared to its average volume of 891,276. PennantPark Floating Rate Capital has a 1 year low of $10.28 and a 1 year high of $12.02. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.18 and a current ratio of 0.18. The stock has a market capitalization of $920.11 million, a PE ratio of 7.73 and a beta of 1.65. The company has a 50 day moving average price of $11.02 and a two-hundred day moving average price of $11.20.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Raymond James began coverage on shares of PennantPark Floating Rate Capital in a research report on Friday, December 20th. They issued a “market perform” rating for the company. StockNews.com downgraded shares of PennantPark Floating Rate Capital from a “hold” rating to a “sell” rating in a report on Tuesday, January 28th.

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.