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

Looking at the universe of stocks we cover at Dividend Channel, on 4/16/14, Pennantpark Floating Rate Capital (PFLT) will trade ex-dividend, for its monthly dividend of $0.09, payable on 5/1/14. As a percentage of PFLT's recent stock price of $13.70, this dividend works out to approximately 0.66%, so look for shares of Pennantpark Floating Rate Capital to trade 0.66% lower — all else being equal — when PFLT shares open for trading on 4/16/14.

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Below is a dividend history chart for PFLT, showing historical dividends prior to the most recent $0.09 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 7.88% 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 $12.71 per share, with $15.02 as the 52 week high point — that compares with a last trade of $13.70.

In Monday trading, Pennantpark Floating Rate Capital shares are currently up about 0.6% on the day.

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