PennantPark Floating Rate Capital: Generating High Monthly Income [Seeking Alpha]
PennantPark Floating Rate Capital Ltd. (PFLT)
Last pennantpark floating rate capital ltd. earnings: 2/5 04:05 pm
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US:NASDAQ Investor Relations:
pennantpark.com/our-funds/pflt
Company Research
Source: Seeking Alpha
PennantPark Floating Rate Capital is a diversified BDC that has shown a strong track record of avoiding losses and maintaining relative stability. PennantPark's NII generation may be negatively impacted by future rate cuts, but its dividend coverage is solid, and the current monthly dividend should be safe with some room for cuts. This idea was discussed in more depth with members of my private investing community, Cash Builder Opportunities. Learn More » Written by Nick Ackerman. Business development companies have been performing quite well for the last several years. This was thanks to a higher rate environment and the Fed raising rates at the fastest pace in decades. Further, defaults and bankruptcies remained relatively lower than historical averages. Defaults have been ticking up, and some business development companies, or BDCs, have been having a more difficult time than others. That said, the U.S. economy has remained incredibly resilient despite the much higher rate
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PFLT
News
- PennantPark Floating Rate Capital: Q2 Proves Again That It Is One Of The Best BDCs Out There [Seeking Alpha]Seeking Alpha
- PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) Q2 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Quarter Ended March 31, 2024GlobeNewswire
- PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per ShareGlobeNewswire
- Better Stock Than Its Sister: PennantPark Floating Rate Capital [Seeking Alpha]Seeking Alpha
PFLT
Earnings
- 5/8/24 - Miss
PFLT
Sec Filings
- 5/17/24 - Form 4
- 5/8/24 - Form 10-Q
- 5/8/24 - Form 8-K
- PFLT's page on the SEC website