SUNS - Safe And Sustainable 8.8% Yield From PennantPark Floating Rate Capital
PennantPark Floating Rate Capital (PFLT) is a lower-yielding Business Development Company ("BDC") due to having one of the safest portfolios (as discussed in this article), but still has a higher yield compared to most of the others as shown below:
Sources: SEC Filings and www.bdcbuzz.com.
Previous Article Follow-Up:
My previous article discussing PFLT mentioned:
investors should be ready to take advantage of the current market volatility and look for opportunistic buying points. PFLT will likely continue to maintain portfolio credit quality with the potential for improved dividend coverage
Since the article, I have