PennantPark Floating Rate Capital Ltd.(PFLT) is having a Dividend Yield of 8.35% with the Annual cash Dividend per share of $1.14. The last quarter cash dividend per share pay out was $0.29. PennantPark Floating Rate Capital Ltd. has a 5 year average dividend yield of 8.19% and the stock has a Indicated annual dividend of $1.14. PennantPark Floating Rate Capital Ltd.(PFLT) formally announced its most recent dividend on February 3, 2017 with a Dividend per share of $0.1. The new indicated annual dividend based on announced dividend per share is $1.14. The dividend yield based on the forward looking indicated annual dividend is 8.35%. PennantPark Floating Rate Capital Ltd.(PFLT) has the most recent dividend payout ratio of 1.04 with a 5-year average payout ratio of 1.11. The 5 year historical dividend growth of PennantPark Floating Rate Capital Ltd.(PFLT) is at the rate of 4.4% while the R-Squared dividend growth is 0.83. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.
PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) rose 0.29% or 0.04 points on Thursday and made its way into the gainers of the day. After trading began at $13.64 the stock was seen hitting $13.7199 as a peak level and $13.55 as the lowest level. The stock ended up at $13.69. The daily volume was measured at 548,885 shares. The 52-week high of the share price is $14.22 and the 52-week low is $10.51. The company has a market cap of $366 million. PennantPark Floating Rate Capital Ltd. has lost 1.81% in the last five trading days and dropped 1.74% in the last 4 weeks. PennantPark Floating Rate Capital Ltd. is up 5.82% in the last 3-month period. Year-to-Date the stock performance stands at -1.63%.
Currently the company Insiders own 1.2% of PennantPark Floating Rate Capital Ltd. shares according to the proxy statements. Institutional Investors own 30.64% of PennantPark Floating Rate Capital Ltd. shares. Company has reported several Insider transactions to the SEC, on Feb 12, 2016, Samuel L Katz (director) purchased 4,140 shares at 10.50 per share price.On Nov 24, 2015, Jeffrey Flug (director) purchased 500 shares at 11.60 per share price.On Aug 21, 2015, Aviv Efrat (CFO) purchased 15,000 shares at 12.85 per share price.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Maxim Group on Nov 25, 2016 to Buy, Raises Price Target to $ 14.50 from a previous price target of $14 .