PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) announced a monthly dividend on Tuesday, December 5th, Wall Street Journal reports. Stockholders of record on Tuesday, December 26th will be given a dividend of 0.095 per share by the asset manager on Tuesday, January 2nd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.23%. The ex-dividend date is Friday, December 22nd.
PennantPark Floating Rate Capital (NASDAQ:PFLT) traded up $0.03 on Wednesday, reaching $13.86. The company’s stock had a trading volume of 274,700 shares, compared to its average volume of 218,646. PennantPark Floating Rate Capital has a fifty-two week low of $13.24 and a fifty-two week high of $14.65. The company has a market cap of $532.18, a price-to-earnings ratio of 12.57 and a beta of 0.59.
PennantPark Floating Rate Capital (NASDAQ:PFLT) last posted its quarterly earnings results on Thursday, November 30th. The asset manager reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). The company had revenue of $18.45 million during the quarter, compared to analysts’ expectations of $19.40 million. PennantPark Floating Rate Capital had a return on equity of 7.66% and a net margin of 61.05%. The business’s quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.31 EPS. research analysts expect that PennantPark Floating Rate Capital will post 1.1 EPS for the current year.
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About PennantPark Floating Rate Capital
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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