PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) announced a monthly dividend on Tuesday, December 5th, Wall Street Journal reports. Investors of record on Tuesday, December 26th will be paid a dividend of 0.095 per share by the asset manager on Tuesday, January 2nd. This represents a $1.14 annualized dividend and a yield of 8.15%. The ex-dividend date is Friday, December 22nd.
Shares of PennantPark Floating Rate Capital (NASDAQ:PFLT) opened at $13.99 on Friday. PennantPark Floating Rate Capital has a twelve month low of $13.24 and a twelve month high of $14.65. The company has a market capitalization of $538.34, a P/E ratio of 12.72 and a beta of 0.59.
PennantPark Floating Rate Capital (NASDAQ:PFLT) last announced its earnings results on Thursday, November 30th. The asset manager reported $0.32 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 company had revenue of $18.45 million during the quarter, compared to the consensus estimate of $19.40 million. During the same quarter in the previous year, the company earned $0.31 earnings per share. The business’s revenue was up 19.8% on a year-over-year basis. equities analysts expect that PennantPark Floating Rate Capital will post 1.08 EPS for the current fiscal 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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