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Summary Slash to 11% or 12% incoming. Shares already dipped some, though many investors don’t know about the cut yet. Looking at the financials, it was clear the dividend would get whacked this year. Some peers are also poised to cut for 2023. Disagree with my techniq...
Summary Big unsustainable yield at a premium valuation. This share isn’t for investors, it’s for suckers. The valuation is at historically high levels. People who keep holding onto shares are not investing. Losing money isn’t the criteria for being an investor. ...
Summary PennantPark Floating Rate Capital yields 11.08%. PennantPark management just raised the monthly distribution by 5%. Rising rates hiked its interest income by 23% in the most recent quarter. For further details see: PennantPark: 11% Yield On Floating...
PennantPark Floating Rate Capital (PFLT) Q1 2023 Earnings Conference Call February 9, 2023 9:00 A.M. ET Company Participants Art Penn - Chairman and Chief Executive Officer Rick Allorto - Chief Financial Officer Conference Call Participants Mickey Schleien - La...
PennantPark ( NYSE: PFLT ) declares $0.10/share monthly dividend , 5.3% increase from prior dividend of $0.10. Forward yield 10.97% Payable April 3; for shareholders of record March 16; ex-div March 15. See PFLT Dividend Scorecard, Yield Chart, & Dividend Gro...
PennantPark press release ( NYSE: PFLT ): FQ1 NII of $0.30 in-line. Total investment income of $31.34M (+19.0% Y/Y) beats by $1.8M . For further details see: PennantPark NII of $0.30 in-line, total investment income of $31.34M beats by $1.8M
MIAMI, Feb. 08, 2023 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) (TASE: PFLT) announced today financial results for the first fiscal quarter ended December 31, 2022. HIGHLIGHTS Quarter ended December 31, 2022 (Unaudited) ($ in millions, except per share a...
Summary We take a look at the action in business development companies through the fourth week of January and highlight some of the key themes we are watching. BDCs had another good week with the sector approaching a double-digit return this year already. We take another look at FGB...
Summary RIG January value is green, rising 2.13% and has outperformed SPY 22.1% since inception in Nov 2021. Y/Y January dividends rose 1.78%, but 14.52% if KEN is excluded and cash rose from ~3.7% to now 14.6%. January dividends are up 2.5% from Oct Q3, the yield near 4.4% with the...
Summary Similar shares at different valuations are the basis for alpha. The research is so hard, it requires adding dividends or looking at a chart. Who cares about the difference between 3.7% and 14.26% to 17.6%? We do! Get ready for charts, images, and tables because t...
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2024-07-10 05:23:00 ET Investors looking for a way to pump up their passive income stream with dividend-paying stocks are having a tough time lately. The benchmark S&P 500 index has risen a stunning 43% since the end of 2022. The gains have been terrific for the stocks already in ou...
MIAMI, July 03, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) announced that it will report results for the third fiscal quarter ended June 30, 2024 on Wednesday, August 7, 2024 after the close of the financial markets. The Company will also ho...