PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) declared a monthly dividend on Thursday, July 6th, Wall Street Journal reports. Shareholders of record on Thursday, July 20th will be paid a dividend of 0.095 per share by the asset manager on Tuesday, August 1st. This represents a $1.14 dividend on an annualized basis and a yield of 7.99%. The ex-dividend date of this dividend is Tuesday, July 18th.

Shares of PennantPark Floating Rate Capital (NASDAQ PFLT) traded up 0.35% on Thursday, reaching $14.26. The company’s stock had a trading volume of 139,085 shares. PennantPark Floating Rate Capital has a 52 week low of $12.21 and a 52 week high of $14.30. The stock has a 50-day moving average of $14.09 and a 200 day moving average of $13.94.

PennantPark Floating Rate Capital (NASDAQ:PFLT) last released its quarterly earnings results on Tuesday, May 9th. The asset manager reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.01. PennantPark Floating Rate Capital had a net margin of 87.29% and a return on equity of 7.45%. The business had revenue of $13.22 million for the quarter, compared to analyst estimates of $14.43 million. On average, equities analysts expect that PennantPark Floating Rate Capital will post $1.10 EPS for the current fiscal year.

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A number of research firms recently weighed in on PFLT. Zacks Investment Research raised PennantPark Floating Rate Capital from a “sell” rating to a “hold” rating in a report on Friday, May 12th. Ladenburg Thalmann Financial Services raised PennantPark Floating Rate Capital from a “neutral” rating to a “buy” rating and set a $14.75 price target for the company in a report on Thursday, May 11th. Keefe, Bruyette & Woods raised PennantPark Floating Rate Capital from a “market perform” rating to an “outperform” rating and raised their price target for the company from $15.00 to $15.50 in a report on Wednesday, May 10th. TheStreet raised PennantPark Floating Rate Capital from a “c+” rating to a “b” rating in a report on Monday, March 20th. Finally, SunTrust Banks, Inc. began coverage on PennantPark Floating Rate Capital in a report on Friday, March 10th. They set a “buy” rating and a $15.00 price target for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $14.79.

About PennantPark Floating Rate Capital

PennantPark Floating Rate Capital Ltd. is a business development company. The Company is a closed-end, externally managed and non-diversified investment company. Its investment objectives are to generate current income and capital appreciation by investing primarily in floating rate loans and other investments made to the United States middle-market companies.

Dividend History for PennantPark Floating Rate Capital (NASDAQ:PFLT)

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