Looking at the universe of stocks we cover at Dividend Channel, on 12/18/13, Pennantpark Investment Corporation (PNNT) will trade ex-dividend, for its quarterly dividend of $0.28, payable on 1/2/14. As a percentage of PNNT's recent stock price of $11.86, this dividend works out to approximately 2.36%, so look for shares of Pennantpark Investment Corporation to trade 2.36% lower — all else being equal — when PNNT shares open for trading on 12/18/13.
Below is a dividend history chart for PNNT, showing historical dividends prior to the most recent $0.28 declared by Pennantpark Investment Corporation:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PNNT is likely to continue, and whether the current estimated yield of 9.44% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of PNNT shares, versus its 200 day moving average:Looking at the chart above, PNNT's low point in its 52 week range is $10.32 per share, with $12.24 as the 52 week high point — that compares with a last trade of $11.86.
According to the ETF Finder at ETF Channel, PNNT makes up 4.43% of the BDC Income ETF (BIZD) which is trading relatively unchanged on the day Monday. In Monday trading, Pennantpark Investment Corporation shares are currently up about 1% on the day.
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