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

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) announced a monthly dividend on Monday, January 6th,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.1025 per share by the asset manager on Monday, February 3rd. This represents a $1.23 dividend on an annualized basis and a dividend yield of 11.12%. The ex-dividend date of this dividend is Wednesday, January 15th.

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

PennantPark Floating Rate Capital Trading Down 0.3 %

NASDAQ PFLT opened at $11.06 on Tuesday. The company has a market capitalization of $920.52 million, a price-to-earnings ratio of 7.73 and a beta of 1.65. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.18 and a quick ratio of 0.18. PennantPark Floating Rate Capital has a 12 month low of $10.28 and a 12 month high of $12.63. The company’s fifty day moving average price is $11.03 and its two-hundred day moving average price is $11.28.

Analyst Ratings Changes

A number of research firms recently commented on PFLT. StockNews.com downgraded PennantPark Floating Rate Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, December 24th. Raymond James began coverage on PennantPark Floating Rate Capital in a research report on Friday, December 20th. They issued a “market perform” rating for the company.

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.