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PennantPark Sustains Dividend Amid Market Volatility with Robust Yield and Strong Deployment Capacity
ByAinvest
Thursday, Jun 5, 2025 5:45 pm ET1min read
PennantPark Floating Rate Capital (PFLT) maintains a steady monthly dividend of $0.1025 per share, resulting in a 12.06% yield. Despite market volatility, the company has $850 million for deployment in middle-market investments, reinforcing its commitment to delivering consistent returns and positioning it as a reliable choice for income-focused investors.
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) has announced its monthly distribution of $0.1025 per share for June 2025, payable on July 1, 2025, to stockholders of record as of June 16, 2025 [1]. This distribution, sourced from taxable net investment income, underscores the company's commitment to providing steady income to its shareholders.PFLT operates as a business development company, focusing on U.S. middle-market private companies, primarily investing in floating rate senior secured loans [2]. The company, managed by PennantPark Investment Advisers, LLC, benefits from a comprehensive credit platform with approximately $10 billion in investable capital. This robust management foundation offers flexibility and creative financing solutions to middle-market borrowers.
The monthly distribution of $0.1025 per share results in a 12.06% yield, making PFLT an attractive option for income-focused investors. Despite market volatility, PFLT maintains a strong balance sheet with $850 million available for deployment in middle-market investments, reinforcing its commitment to delivering consistent returns.
For non-U.S. stockholders, PFLT distributions may be exempt from U.S. withholding tax, provided there is proper documentation. This tax exemption is possible as the company generates qualified interest income and short-term capital gains, enhancing its appeal to international investors [2].
In summary, PennantPark Floating Rate Capital's monthly distribution and strong yield position it as a reliable choice for income-focused investors seeking consistent returns.
References:
[1] https://www.stocktitan.net/news/PFLT/pennant-park-floating-rate-capital-ltd-announces-monthly-t1p65lv87g4f.html
[2] https://www.gurufocus.com/news/2905946/pennantpark-floating-rate-capital-ltd-announces-monthly-distribution-of-01025-per-share-pflt-stock-news
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