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

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) declared a monthly dividend on Wednesday, February 5th,Wall Street Journal reports. Investors 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 payment by an average of 35.2% per year over the last three years.

PennantPark Floating Rate Capital Trading Down 0.1 %

NASDAQ PFLT traded down $0.02 on Thursday, hitting $11.06. The company’s stock had a trading volume of 1,298,449 shares, compared to its average volume of 891,306. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.63. The firm has a market cap of $920.11 million, a P/E ratio of 7.73 and a beta of 1.65. The company’s 50-day simple moving average is $11.02 and its 200 day simple moving average is $11.20. PennantPark Floating Rate Capital has a 52-week low of $10.28 and a 52-week high of $12.02.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Raymond James assumed coverage on shares of PennantPark Floating Rate Capital in a research note on Friday, December 20th. They set a “market perform” rating on the stock. StockNews.com cut PennantPark Floating Rate Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, January 28th.

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.