Cash Dividend On The Way From Pennantpark Floating Rate Capital (PFLT)

By Dividend Channel Staff, Monday, July 13, 10:39 AM ET

On 7/15/20, Pennantpark Floating Rate Capital (NASDAQ:PFLT) will trade ex-dividend, for its monthly dividend of $0.095, payable on 8/3/20. As a percentage of PFLT's recent stock price of $8.49, this dividend works out to approximately 1.12%, so look for shares of Pennantpark Floating Rate Capital to trade 1.12% lower — all else being equal — when PFLT shares open for trading on 7/15/20.

Below is a dividend history chart for PFLT, showing historical dividends prior to the most recent $0.095 declared by Pennantpark Floating Rate Capital:

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PFLT is likely to continue, and whether the current estimated yield of 13.43% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of PFLT shares, versus its 200 day moving average:

Pennantpark Floating Rate Capital 200 Day Moving Average Chart

Looking at the chart above, PFLT's low point in its 52 week range is $3.34 per share, with $12.67 as the 52 week high point — that compares with a last trade of $8.49.

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In Monday trading, Pennantpark Floating Rate Capital shares are currently up about 1.4% on the day.

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