Reminder - Pennantpark Floating Rate Capital (PFLT) Goes Ex-Dividend Soon

By Dividend Channel Staff, Wednesday, December 13, 10:06 AM ET

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On 12/15/23, Pennantpark Floating Rate Capital (NYSE:PFLT) will trade ex-dividend, for its monthly dividend of $0.1025, payable on 1/2/24. As a percentage of PFLT's recent stock price of $11.52, this dividend works out to approximately 0.89%, so look for shares of Pennantpark Floating Rate Capital to trade 0.89% lower — all else being equal — when PFLT shares open for trading on 12/15/23.

Below is a dividend history chart for PFLT, showing historical dividends prior to the most recent $0.1025 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 10.68% 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 $9.69 per share, with $12.33 as the 52 week high point — that compares with a last trade of $11.54.

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Pennantpark Floating Rate Capital is in our coverage universe of monthly dividend paying stocks. In Wednesday trading, Pennantpark Floating Rate Capital shares are currently down about 0.5% on the day.

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Reminder - Pennantpark Floating Rate Capital (PFLT) Goes Ex-Dividend Soon

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