PennantPark Floating Rate Capital Ltd

NYSE: PFLT
$11.07
+$0.07 (+0.6%)
Closing Price on November 5, 2024

PFLT Stock Chart and Intraday Price

PFLT Stock Data

Asset Type Stock
Exchange NYSE
Currency USD
Country USA
Sector TECHNOLOGY
Industry GENERAL
Address NONE
Fiscal Year End September
Latest Quarter 12/31/2023
Market Cap 703.79M USD
Shares Outstanding 61,628,000
PennantPark Floating Rate Capital Ltd. is a business development company focusing on investments in middle market companies, primarily in the United States. It specializes in floating rate loans, senior secured loans, and mezzanine debt, targeting companies that are often not rated by national rating agencies. With investments typically ranging from $2 million to $50 million, PennantPark aims to support small to medium-sized businesses through direct debt and equity investments. The company also explores investments in non-U.S. companies and various securities, including preferred stocks and options, emphasizing flexibility and a strategic approach to growth financing.

PFLT Articles

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Since 1926, dividends have contributed approximately 32% of the total return for the S&P 500, while capital appreciations have contributed 68%. Therefore, sustainable dividend income and capital...
Investors love dividend stocks because they provide dependable income and give investors a great opportunity for solid total return. Total return includes interest, capital gains, dividends, and...