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PennantPark Investment Announces Quarterly Dividend of $0.08
ByAinvest
Tuesday, Aug 5, 2025 7:38 am ET1min read
PennantPark Investment has declared a dividend of $0.08 per share, representing a 13.39% increase. The dividend is payable on September 2 to shareholders of record on August 15, with an ex-dividend date of August 15.
PennantPark Investment Corporation (NYSE: PNNT) has declared a monthly dividend of $0.08 per share for August 2025, representing a 13.39% increase from its previous distribution. The dividend is payable on September 2, 2025, to shareholders of record as of August 15, 2025, with an ex-dividend date of August 15, 2025 [2].This increase brings the company's monthly distribution to $0.08 per share, up from the previous $0.07 per share. The dividend is expected to be paid from taxable net investment income, indicating a continued focus on sustainable distribution coverage from the company's core lending operations.
PennantPark Investment Corporation operates as a business development company, primarily investing in U.S. middle-market private companies through various forms of debt and equity. The company is managed by PennantPark Investment Advisers, LLC, which oversees approximately $10 billion of investable capital [2].
The dividend increase comes as part of the company's ongoing efforts to provide reliable income to shareholders. The consistent monthly payment schedule offers predictable cash flow, while the floating-rate nature of the loan portfolio provides a natural hedge against interest rate fluctuations.
The company's focus on first and second lien secured debt positions reflects a relatively conservative approach within the middle-market lending space, prioritizing capital preservation alongside income generation.
For income-focused investors, the dividend increase offers a compelling yield. The new monthly distribution of $0.08 per share represents an annualized yield of approximately 12.00%, which is significantly above average for the BDC sector.
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.
References:
[1] https://www.stocktitan.net/news/PFLT/pennant-park-floating-rate-capital-ltd-announces-monthly-idlf5khizbbp.html
[2] https://www.stocktitan.net/news/PNNT/pennant-park-investment-corporation-announces-monthly-distributions-5gqf6qfw3hy5.html
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