PennantPark Investment Corp. (PNNT) Announces Quarterly Dividend of $0.28
PennantPark Investment Corp. (NASDAQ:PNNT) declared a quarterly dividend on Wednesday, September 3rd, AnalystRatingsNetwork reports. Investors of record on Friday, September 26th will be given a dividend of 0.28 per share on Wednesday, October 1st. This represents a $1.12 dividend on an annualized basis and a yield of 9.50%.
On the ratings front, analysts at Keefe, Bruyette & Woods raised their price target on shares of PennantPark Investment Corp. from $11.75 to $12.00 in a research note on Thursday, August 7th. They now have a “market perform” rating on the stock.
PennantPark Investment Corp. (NASDAQ:PNNT) traded down 0.92% on Wednesday, hitting $11.80. The stock had a trading volume of 407,424 shares. PennantPark Investment Corp. has a one year low of $10.33 and a one year high of $12.19. The stock’s 50-day moving average is $11.55 and its 200-day moving average is $11.21.
PennantPark Investment Corp. (NASDAQ:PNNT) last released its earnings data on Tuesday, August 5th. The company reported $0.28 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.29 by $0.01. During the same quarter last year, the company posted $0.27 earnings per share. On average, analysts predict that PennantPark Investment Corp. will post $1.08 earnings per share for the current fiscal year.
PennantPark Investment Corporation (NASDAQ:PNNT) is a business development company focused to generate both income and capital appreciation through debt and equity investments in the United States middle-market companies in the form of senior secured loans, mezzanine debt and equity investments.
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