PennantPark Floating Rate Capital: A Financial Analysis of Dividend Coverage, Leverage, and Discount.

Sunday, Mar 8, 2026 3:30 am ET1min read
PFLT--

PennantPark Floating Rate Capital (PFLT) has a 15% yield and a 23% discount, but is not a recommended investment due to low base dividend coverage and high leverage. The company's dividend coverage is well below 100%, worse than most sector peers, and leverage is above a reasonable level.

PennantPark Floating Rate Capital: A Financial Analysis of Dividend Coverage, Leverage, and Discount.

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