Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) declared a monthly dividend on Friday, February 3rd. Stockholders of record on Friday, February 17th will be given a dividend of 0.095 per share on Wednesday, March 1st. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.14%. The ex-dividend date of this dividend is Wednesday, February 15th.
Pennantpark Floating Rate Capital (NASDAQ:PFLT) opened at 14.01 on Tuesday. The stock’s 50 day moving average price is $14.07 and its 200-day moving average price is $13.45. Pennantpark Floating Rate Capital has a 52-week low of $10.51 and a 52-week high of $14.22.
Pennantpark Floating Rate Capital (NASDAQ:PFLT) last released its earnings results on Thursday, February 9th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.01. On average, equities analysts predict that Pennantpark Floating Rate Capital will post $1.15 EPS for the current year.
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Several research firms recently commented on PFLT. Janney Montgomery Scott began coverage on Pennantpark Floating Rate Capital in a report on Tuesday, December 20th. They issued a “neutral” rating and a $14.00 price target for the company. Maxim Group increased their price target on Pennantpark Floating Rate Capital from $14.00 to $14.50 and gave the company a “buy” rating in a report on Friday, November 25th.
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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