Financial analyst by day and a seasoned investor by passion, I've been involved in the world of investing for over 10 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering strategies to utilize various investment vehicles - seeking out high quality dividend stocks, and other assets that offer potential for long term-growth that pack a serious punch for bill-paying potential. I use myself as an example that with a solid base of classic dividend growth sto ...

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. The Company will also host a conference call at 9:00 a.m. (Eastern Time) on Tuesday, February 11, 2025 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-fr ...

MIAMI, Dec. 26, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (“PFLT”) (NYSE: PFLT) announced that it has upsized its credit facility, led by Truist Bank (the “Credit Facility”) to $736 million from $636 million. Pricing on this facility remained unchanged at SOFR plus 225 basis points. “We are appreciative of the support from all of our existing lending partners. Their support highlights the confidence they have in our excellent long-term track record,” said Arthur Penn, Chairman and Chie ...

This little-known supercharged income stock doles out a payment to its shareholders on a monthly basis.One of the great things about putting your money to work on Wall Street is there's more than one way to generate a profit. With thousands of publicly traded companies and exchange-traded funds (ETFs) to choose from, every investor is likely to find one or more securities that'll help them meet their goals.But among the countless ways to build wealth on Wall Street, buying and holding dividend stocks has hi ...

Income-seeking investors looking for ultra-high-yield dividend stocks can find what they're looking for in the healthcare and finance sectors. Walgreens Boots Alliance (WBA 2.14%) and PennantPark Floating Rate Capital (PFLT -0.28%) offer yields above 10% at recent prices.Before opening your brokerage application to buy these stocks, it's important to remember dividend yields usually don't climb this high unless investors are worried about the underlying businesses.Here's a quick look at what's been pushing ...

As high-yield dividend stocks go, you can't get much higher than PennantPark Floating Rate Capital's (PFLT 0.36%) more than 11%. That hasn't made this business development company (BDC) a hit lately, though; its stock has fallen since Nov. 25 while the S&P 500 index inched into positive territory. Let's look at why the stock has gone nowhere, and evaluate whether this presents a good buying opportunity for investors. A prime lenderThe news that drove down PennantPark's share price hit the headlines toward t ...

PennantPark Floating Rate Capital Ltd (NYSE:PFLT) Q4 2024 Earnings Conference Call November 26, 2024 9:00 AM ET Company Participants Arthur Penn - Chairman & CEO Richard Allorto - Chief Financial Officer Conference Call Participants Paul Johnson - KBW Mark Hughes - Truist Doug Harter - UBS Operator Good morning, and welcome to PennantPark Floating Rate Capital's Fourth Fiscal Quarter 2024 Earnings Conference Call. Today's conference is being recorded. At this time, all participants have been placed in a lis ...

MIAMI, Nov. 25, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) (the "Company") announced today financial results for the fourth quarter and fiscal year ended September 30, 2024. HIGHLIGHTS Year ended September 30, 2024 ($ in millions, except per share amounts) Assets and Liabilities:      Investment portfolio (1)    $1,983.5 Net assets    $877.3 GAAP net asset value per share    $11.31 Quarterly decrease in GAAP net asset value per share     (0.3)%Adjusted net asset value per ...

This might be Wall Street's safest high-octane income stock.One of the best aspects of putting your money to work on Wall Street is that you don't have to conform to any blueprint. With thousands of publicly traded companies and exchange-traded funds (ETFs) to choose from, there's a very high probability of finding one or more securities that matches your investment goals and risk tolerance.But among the countless ways investors can build their wealth on Wall Street, few have proven more successful over lon ...

PennantPark Floating Rate Capital (NYSE: PFLT ) is a business development company ("BDC") that is more of a traditional BDC that invests primarily in first-lien floating rate loans. At the same time, they have a large portion of theirInterested in more income ideas? Check out Cash Builder Opportunities, where we provide ideas about high-quality and reliable dividend growth ideas. These investments are designed to build growing income for investors. A special focus on investments that are leaders within thei ...