PennantPark Floating Rate Capital Ltd. (PFLT) To Go Ex-Dividend on January 15th

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) declared a monthly dividend on Monday, January 6th,Wall Street Journal reports. Investors 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 yield of 11.15%. The ex-dividend date is Wednesday, January 15th.

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

PennantPark Floating Rate Capital Stock Performance

Shares of NASDAQ PFLT opened at $11.03 on Wednesday. The stock’s fifty day simple moving average is $11.02 and its 200 day simple moving average is $11.28. The stock has a market capitalization of $918.03 million, a price-to-earnings ratio of 7.71 and a beta of 1.65. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.63. PennantPark Floating Rate Capital has a 52-week low of $10.28 and a 52-week high of $12.63.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Raymond James started coverage on shares of PennantPark Floating Rate Capital in a research note on Friday, December 20th. They set a “market perform” rating for the company. StockNews.com lowered shares of PennantPark Floating Rate Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, December 24th.

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.