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

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) announced a monthly dividend on Wednesday, February 5th,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.1025 per share by the asset manager on Monday, March 3rd. This represents a $1.23 annualized dividend and a dividend yield of 11.13%. The ex-dividend date of this dividend is Tuesday, February 18th.

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 Stock Performance

Shares of PFLT stock opened at $11.06 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.18 and a current ratio of 0.18. PennantPark Floating Rate Capital has a one year low of $10.28 and a one year high of $12.02. The company’s 50-day simple moving average is $11.02 and its 200-day simple moving average is $11.20. The stock has a market capitalization of $920.11 million, a price-to-earnings ratio of 8.82 and a beta of 1.65.

Analysts Set New Price Targets

PFLT has been the topic of several research analyst reports. StockNews.com cut shares of PennantPark Floating Rate Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, January 28th. Raymond James initiated coverage on shares of PennantPark Floating Rate Capital in a report on Friday, December 20th. They issued a “market perform” rating on the stock.

About PennantPark Floating Rate Capital

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.