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2023-09-14 15:00:41 ET Summary PennantPark Floating Rate last declared a monthly cash dividend in line with its prior payment, offering an 11.3% annualized forward yield. PFLT's focus on floating rate loans has resulted in a boom in investment income, with dividends growing by 7.9...
2023-09-13 10:50:54 ET Summary Part 1 of this article compares ARCC’s recent quarterly change in NAV, quarterly and trailing 12-month economic return, NII, and current valuation to 14 BDC peers. Part 1 also performs a comparative analysis between each company’s inves...
2023-08-30 10:42:15 ET Summary Prospect Capital Corporation reported results yesterday but has delayed its 10-K filing likely for the reason discussed below. Prospect Capital is currently trading at the lowest multiple of NAV (35% discount) due to being a lower-quality business de...
2023-08-29 07:58:57 ET Summary One of the largest mistakes that investors make is focusing on historical dividend coverage instead of projected dividend coverage. This article discusses ARCC's dividend coverage comparing the recently reported results to my base, best, and worst pr...
2023-08-22 13:04:27 ET Summary Many BDCs have been reducing their fee structures, which has been attracting higher quality and institutional investors to the sector. We recently sent out a "Buy" recommendation discussing GBDC's reduction in management fees driving increased divide...
2023-08-21 12:40:40 ET Summary Rose's Income Garden consists of 5 high yield monthly payers from the energy, utility, and finance sectors. The top monthly payer in RIG is PennantPark Floating Rate Capital Ltd. with a dividend yield of 11.7%. Other high yield monthly payers in ...
2023-08-18 09:15:00 ET Summary The business development company, or BDC, industry offers opportunities for investors looking to benefit from rising interest rates. PennantPark Floating Rate Capital is a BDC that focuses on lending money to privately held companies with co-sponsors...
2023-08-17 17:00:54 ET Summary Imagine stocks or funds that pay out their dividends once a month! Unlike waiting for quarterly, semi-annual or (ugh) annual payouts, your angst waiting for money is reduced by 300%, or more! These August U.S. exchange-traded monthly-paid (MoPay) div...
2023-08-17 13:35:30 ET Summary Alaris Equity Partners Income Trust invests in private companies, primarily in the United States, in exchange for preferred equity, common equity, subordinated debt, and promissory notes. The typical businesses that Alaris invests in are family or in...
2023-08-10 11:04:09 ET PennantPark Floating Rate Capital (PFLT) Q3 2023 Earnings Conference Call August 10, 2023, 09:00 AM ET Company Participants Arthur Penn - Founder, Chairman & Chief Executive Officer Richard Allorto - Chief Financial Officer Conference...
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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...