Notable Stock to Watch: PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT)

 PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) spotted trading -13.56% off 52-week high price. On the other end, the stock has been noted 5.49% away from the low price over the last 52-weeks. The stock changed 0.26% to recent value of $11.61. The stock transacted 146318 shares during most recent day however it has an average volume of 150.56K shares. The company has 38.77M of outstanding shares.  

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) notified its monthly distribution for September 2019 of $0.095 per share, payable on October 1, 2019 to stockholders of record as of September 17, 2019. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company’s periodic report filed with the Securities and Exchange Commission.

We are pleased that through our focus on investing in lower risk, first lien senior secured middle market loans we have been able to maintain a steady and stable dividend over a long period of time, said Art Penn, Chairman and Chief Executive Officer.

The Company, which operates as a regulated investment company (RIC), generates qualified interest income and short-term capital gains that may be exempt from U.S. withholding tax when distributed to non-U.S. stockholders. The U.S. tax law permits a RIC to report the portion of distributions paid that represents interest-related dividends as exempt from U.S. withholding tax when paid to non-U.S. stockholders with proper documentation.

 Its earnings per share (EPS) expected to touch remained 44.40% for this year.

 The price moved ahead of 0.88% from the mean of 20 days, 0.37% from mean of 50 days SMA and performed -5.57% from mean of 200 days price. Company’s performance for the week was 1.66%, 3.48% for month and YTD performance remained 0.75%.

John Gonzalez covers business and finance news. He is the only person we trust to provide breaking news in the finance category. Having already completed an Associates Degree in Psychology, John Gonzalez is now finishing his Bachelor’s degree in Communications. In preparation for working in the advertisement sector, John is writing financial content and analysis. On a daily basis, he works on articles regarding the following topics: business, top trends, technology, and politics.

Address: 7302 Benton Street, Arvada, CO 80003, USA


Zip Code: 80003

Phone Number: 303-420-7222

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