Keep Your Eyes on This Stock: PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT)

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) stock identified change of 5.94% away from 52-week low price and recently located move of -16.47% off 52-week high price. It has market worth of $452.08M and dividend yield of 9.78%. PFLT stock has been recorded -8.00% away from 50 day moving average and -8.78% away from 200 day moving average. Moving closer, we can see that shares have been trading -4.32% off 20-day moving average.

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) (TASE: PFLT) declares its monthly distribution for June 2019 of $0.095 per share, payable on July 1, 2019 to stockholders of record as of June 17, 2019. Distributions are paid from taxable earnings and may include a return of capital and/or capital gains. The specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company’s periodic report filed with the Securities and Exchange Commission.

“We are pleased that we have been able to continue to maintain a steady and stable dividend over a long period of time,” said Art Penn, Chairman and Chief Executive Officer.

The Company, which operates as a regulated investment company (“RIC”), generates qualified interest income and short-term capital gains that may be exempt from U.S. withholding tax when distributed to non-U.S. stockholders. The U.S. tax law permits a RIC to report the portion of distributions paid that represents interest-related dividends as exempt from U.S. withholding tax when paid to non-U.S. stockholders with proper documentation.

The Financial sector company, PennantPark Floating Rate Capital Ltd. noticed change of 0.00% to $11.66 along volume of 138849 shares in recent session compared to an average volume of 164.87K. The stock observed return of -2.43% in 5 days trading activity. The stock was at -12.66% over one month performance. PFLT’s shares are at -9.11% for the quarter and driving a -13.15% return over the course of the past year and is now at 1.18% since this point in 2018.

The average volatility for the week at 1.52% and for month was at 1.47%. There are 38.77M shares outstanding.

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