Dividend Report: PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) dividends of $0.10 are projected for the near future; this is why.

Dividend Report: PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) dividends of $0.10 are projected for the near future; this is why.

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) is expected to pay $0.10 on Nov 1, 2016. The indicated annual dividend is $1.14. Shareholders owning the stock before Oct 18, 2016 will be eligible to receive the payout. Based on PennantPark Floating Rate Capital Ltd.’s current price of $13.23, the dividend is 0.72%. This dividend’s record date is Oct 20, 2016 and the announcement date is Oct 5, 2016. About 16,977 shares traded hands. Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) has risen 14.98% since March 14, 2016 and is uptrending. It has outperformed by 9.37% the S&P500.

PennantPark Floating Rate Capital Ltd. is a business development company. The company has a market cap of $353.64 million. The Firm is a closed-end, externally managed, non-diversified investment company. It has a 18.43 P/E ratio. The Company’s objective is to generate current income and capital appreciation by investing primarily in loans bearing a variable-rate of interest, or Floating Rate Loans, and other investments made to the United States middle-market companies.

Insitutional Activity: The institutional sentiment increased to 1.16 in Q2 2016. Its up 0.23, from 0.93 in 2016Q1. The ratio is positive, as 8 funds sold all Pennantpark Floating Rate Capital Ltd shares owned while 17 reduced positions. 8 funds bought stakes while 21 increased positions. They now own 6.80 million shares or 6.54% more from 6.39 million shares in 2016Q1.
Berson And Corrado Invest Llc, a New York-based fund reported 38,040 shares. Morgan Stanley holds 0% or 902,695 shares in its portfolio. Moreover, D E Shaw & Com Inc has 0% invested in Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) for 53,889 shares. Muzinich And Inc holds 1.27% of its portfolio in Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) for 223,902 shares. Retail Bank Of America Corp De holds 0% or 11,969 shares in its portfolio. Blackrock Investment Limited Liability last reported 0% of its portfolio in the stock. Ubs Asset Mgmt Americas, a Illinois-based fund reported 47,702 shares. West Family Invests holds 309,184 shares or 0.7% of its portfolio. Allsquare Wealth Limited Liability Com owns 21,800 shares or 0.27% of their US portfolio. Bbr Prns Limited Company accumulated 26,200 shares or 0.05% of the stock. Pnc Financial Svcs reported 76,632 shares or 0% of all its holdings. Blackrock Gru Ltd owns 143,386 shares or 0% of their US portfolio. The Colorado-based Advsrs Asset Management has invested 0.14% in Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT). Van Eck Assocs Corporation holds 0.01% or 123,572 shares in its portfolio. Focused Wealth Mngmt Inc has invested 0% of its portfolio in Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT).

Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) Ratings Coverage

Out of 4 analysts covering PennantPark Floating Rate Capital (NASDAQ:PFLT), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. PennantPark Floating Rate Capital has been the topic of 5 analyst reports since August 26, 2015 according to StockzIntelligence Inc. On Wednesday, August 26 the stock rating was maintained by Wood with “Market Perform”. Zacks upgraded the stock to “Hold” rating in Wednesday, August 26 report. The company was maintained on Monday, November 16 by Maxim Group.

More important recent Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) news were published by: Nasdaq.com which released: “PennantPark Floating Rate Capital Ltd. (PFLT) Ex-Dividend Date Scheduled for …” on September 16, 2016, also Prnewswire.com published article titled: “PennantPark Floating Rate Capital Ltd. and MCG Capital Corporation Announce …”, Nasdaq.com published: “PennantPark Floating Rate Capital Ltd. (PFLT) Ex-Dividend Date Scheduled for …” on February 12, 2016. More interesting news about Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) was released by: Prnewswire.com and their article: “Stockholders of PennantPark Floating Rate Capital Ltd. and MCG Capital …” with publication date: August 14, 2015.

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