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MIAMI - PennantPark Floating Rate Capital Ltd. (NYSE:PFLT), currently offering an attractive 11.86% dividend yield, announced Wednesday its monthly distribution of $0.1025 per share for July 2025, payable on August 1 to stockholders of record as of July 15. According to InvestingPro, the company has maintained consistent dividend payments for 15 consecutive years.
The business development company indicated the distribution is expected to be paid from taxable net investment income. Final tax characteristics will be reported to stockholders on Form 1099 after the calendar year ends and in the company’s periodic Securities and Exchange Commission filings.
PennantPark Floating Rate Capital, with a market capitalization of $1.04 billion and impressive revenue growth of 49.56% over the last twelve months, primarily invests in U.S. middle-market private companies through floating rate senior secured loans, including first lien secured debt, second lien secured debt, and subordinated debt. The company occasionally makes equity investments as well. InvestingPro analysis reveals strong financial health metrics, with liquid assets exceeding short-term obligations and a current ratio of 3.33.
The firm operates as a regulated investment company, which allows it to generate qualified interest income and short-term capital gains that may be exempt from U.S. withholding tax when distributed to non-U.S. stockholders with proper documentation. Trading at a P/E ratio of 12.13, detailed valuation analysis and additional insights are available through the comprehensive Pro Research Report on InvestingPro.
PennantPark Floating Rate Capital is managed by PennantPark Investment Advisers, LLC, a middle market credit platform that manages approximately $10 billion of investable capital, including potential leverage. The investment adviser is headquartered in Miami with offices in New York, Chicago, Houston, Los Angeles, and Amsterdam.
The information was disclosed in a company press release.
In other recent news, PennantPark Floating Rate Capital Ltd reported its Q1 2025 earnings, revealing an earnings per share (EPS) of $0.28, which fell short of the anticipated $0.32. The company’s revenue was $61.94 million, missing the forecasted $65.81 million. Despite a 7% growth in its portfolio to $2.3 billion, the net asset value (NAV) decreased by 2.4% to $11.70 per share. Analysts from Raymond James and Truist engaged with the company on its earnings call, discussing the motivations behind recent capital raising efforts and the company’s strategic focus on the core middle market. The firm invested $293 million across new and existing portfolio companies, maintaining its emphasis on the middle market. The current environment, marked by market volatility and tariff uncertainties, poses challenges for PennantPark, but the company remains committed to its strategic initiatives. Despite these hurdles, PennantPark anticipates comfortably covering its dividend and continues to explore investment opportunities. The company also highlighted limited exposure to tariffs in its portfolio, which includes sectors like healthcare and government services.
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