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

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) declared a monthly dividend on Monday, January 6th,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be paid 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 11.12%. The ex-dividend date is Wednesday, January 15th.

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

PennantPark Floating Rate Capital Price Performance

Shares of PFLT stock traded down $0.03 during trading on Monday, hitting $11.06. The company had a trading volume of 855,065 shares, compared to its average volume of 823,023. The stock’s 50-day moving average is $11.03 and its two-hundred day moving average is $11.28. The stock has a market capitalization of $920.52 million, a price-to-earnings ratio of 7.73 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.

Analyst Ratings Changes

A number of research firms have recently issued reports on PFLT. StockNews.com downgraded shares of PennantPark Floating Rate Capital from a “hold” rating to a “sell” rating in a report on Tuesday, December 24th. Raymond James began coverage on PennantPark Floating Rate Capital in a report on Friday, December 20th. They issued a “market perform” rating for the company.

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.