PennantPark Floating Rate Capital Ltd. Stock News

According to the Internal Revenue Service (IRS), passive income generally includes earnings from rental activity or any trade, business, or investment in which the individual does not materially participate.

The past couple of years have been great for the overall stock market, but there is a downside. When stock prices go up, dividend yields decline.

One of the best aspects of putting your money to work on Wall Street is there's no one-size-fits-all blueprint for success. With thousands of publicly traded companies and exchange-traded funds (ETFs) to choose from, there's likely to be one or more stocks that can help you meet your investment goals.

I maintain my buy rating on PFLT due to its improved non-accrual rate, prioritization of new investments, and slightly improved dividend coverage. PennantPark Floating Rate Capital's current dividend yield is 11.1%, but negative returns and high debt levels have impacted its attractiveness compared to peers. The price trades at a slight discount to NAV, offering a potential upside of 6.8%, supp...

Investors love dividend stocks, especially the ultra-high-yield variety because they offer a significant income stream and have massive total return potential.

MIAMI, Jan. 08, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) announced that it will report results for the first fiscal quarter ended December 31, 2024 on Monday, February 10, 2025 after the close of the financial markets.

MIAMI, Jan. 03, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for January 2025 of $0.1025 per share, payable on February 3, 2025 to stockholders of record as of January 15, 2025. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution wi...

When the closing bell rang on Dec. 31, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite had delivered respective returns of 13%, 23%, and 29% in 2024. The icing on the cake is that all three indexes achieved multiple record-closing highs.