PennantPark Floating Rate Capital Ltd. (PFLT) Plans $0.10 Monthly Dividend
PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) declared a monthly dividend on Tuesday, December 5th, Wall Street Journal reports. Stockholders of record on Tuesday, December 26th will be given a dividend of 0.095 per share by the asset manager on Tuesday, January 2nd. This represents a $1.14 annualized dividend and a dividend yield of 8.24%. The ex-dividend date of this dividend is Friday, December 22nd.
PennantPark Floating Rate Capital (PFLT) traded down $0.01 during mid-day trading on Tuesday, hitting $13.83. 337,200 shares of the stock traded hands, compared to its average volume of 218,405. PennantPark Floating Rate Capital has a 1 year low of $13.24 and a 1 year high of $14.65. The stock has a market capitalization of $532.56, a price-to-earnings ratio of 12.58 and a beta of 0.59.
PennantPark Floating Rate Capital (NASDAQ:PFLT) last released its earnings results on Thursday, November 30th. The asset manager reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). PennantPark Floating Rate Capital had a net margin of 61.05% and a return on equity of 7.66%. The business had revenue of $18.45 million for the quarter, compared to analysts’ expectations of $19.40 million. During the same quarter in the previous year, the business posted $0.31 earnings per share. PennantPark Floating Rate Capital’s revenue for the quarter was up 19.8% on a year-over-year basis. equities research analysts anticipate that PennantPark Floating Rate Capital will post 1.13 earnings per share for the current year.
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PennantPark Floating Rate Capital Company Profile
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.
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