Pennantpark Investment About To Put More Money In Your Pocket (PNNT)

Looking at the universe of stocks we cover at Dividend Channel, on 6/11/15, Pennantpark Investment Corporation (PNNT) will trade ex-dividend, for its quarterly dividend of $0.28, payable on 7/1/15. As a percentage of PNNT's recent stock price of $9.58, this dividend works out to approximately 2.92%, so look for shares of Pennantpark Investment Corporation to trade 2.92% lower — all else being equal — when PNNT shares open for trading on 6/11/15.

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Below is a dividend history chart for PNNT, showing historical dividends prior to the most recent $0.28 declared by Pennantpark Investment Corporation:

PNNT+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 PNNT is likely to continue, and whether the current estimated yield of 11.69% 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:

Pennantpark Investment Corporation 200 Day Moving Average Chart

Looking at the chart above, PNNT's low point in its 52 week range is $8.01 per share, with $11.98 as the 52 week high point — that compares with a last trade of $9.58.

According to the ETF Finder at ETF Channel, PNNT makes up 3.66% of the BDC Income ETF ( BIZD) which is trading up by about 0.3% on the day Tuesday.

In Tuesday trading, Pennantpark Investment Corporation shares are currently down about 0.4% on the day.

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