Pennantpark Investment Corporation (PNNT) has been named as a Top 25 dividend stock, according the most recent Dividend Channel ''DividendRank'' report. The report noted that among the coverage universe, PNNT shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent PNNT share price of $11.02 represents a price-to-book ratio of 1.0 and an annual dividend yield of 10.17% — by comparison, the average company in Dividend Channel's coverage universe yields 3.5% and trades at a price-to-book ratio of 2.1. The report also cited the strong quarterly dividend history at Pennantpark Investment Corporation, and favorable long-term multi-year growth rates in key fundamental data points.
Why Pennantpark Investment Is a Top 25 Dividend Stock (PNNT)
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