Cash Dividend On The Way From Pennantpark Floating Rate Capital (PFLT)

Looking at the universe of stocks we cover at Dividend Channel, on 10/17/13, Pennantpark Floating Rate Capital (PFLT) will trade ex-dividend, for its monthly dividend of $0.0875, payable on 11/1/13. As a percentage of PFLT's recent stock price of $13.40, this dividend works out to approximately 0.65%, so look for shares of Pennantpark Floating Rate Capital to trade 0.65% lower — all else being equal — when PFLT shares open for trading on 10/17/13.

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Below is a dividend history chart for PFLT, showing historical dividends prior to the most recent $0.0875 declared by Pennantpark Floating Rate Capital:

PFLT+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PFLT is likely to continue, and whether the current estimated yield of 7.84% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of PFLT shares, versus its 200 day moving average:

Pennantpark Floating Rate Capital 200 Day Moving Average Chart

Looking at the chart above, PFLT's low point in its 52 week range is $12.22 per share, with $15.02 as the 52 week high point — that compares with a last trade of $13.40.
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In Tuesday trading, Pennantpark Floating Rate Capital shares are currently off about 0.1% on the day.

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