Looking at the universe of stocks we cover at Dividend Channel, on 6/17/14, Pennantpark Investment Corporation (PNNT) will trade ex-dividend, for its quarterly dividend of $0.28, payable on 7/1/14. As a percentage of PNNT's recent stock price of $11.25, this dividend works out to approximately 2.49%, so look for shares of Pennantpark Investment Corporation to trade 2.49% lower — all else being equal — when PNNT shares open for trading on 6/17/14.
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 9.96% 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 $12.19 as the 52 week high point — that compares with a last trade of $11.25.
According to the ETF Finder at ETF Channel, PNNT makes up 4.31% of the BDC Income ETF (BIZD) which is trading relatively unchanged on the day Friday. In Friday trading, Pennantpark Investment Corporation shares are currently up about 0.5% on the day.