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, Oct. 03, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) announced that it will report results for the fourth fiscal quarter ended September 30, 2024 on Monday, November 25, 2024 after the close of the financial markets. The Company will also host a conference call at 9:00 a.m. (Eastern Time) on Tuesday November 26, 2024 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-f ...

This under-the-radar monthly dividend payer makes for a phenomenal buy during short-lived periods of panic. Between the start of 2023 and the midpoint of 2024, the bulls were firmly in control on Wall Street. The rise of artificial intelligence (AI), the return of stock-split euphoria, and better-than-expected corporate earnings/economic data helped propel all three major stock indexes to multiple record-closing highs. But as history has repeatedly shown, the stock market doesn't move up in a straight line. ...

PennantPark (PFLT) came out with quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -3.12%. A quarter ago, it was expected that this investment company would post earnings of $0.33 per share when it actually produced earnings of $0.31, delivering a surprise of -6.06%. Over the last four quarters, the ...

MIAMI, June 04, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for June 2024 of $0.1025 per share, payable on July 1, 2024 to stockholders of record as of June 14, 2024. The distribution is expected to be paid from taxable net investment income. The final 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 wit ...

J Studios Overview When I originally covered PennantPark Floating Rate Capital (NYSE:PFLT), back in April, a lot of my prior analysis was centered around the fact that I liked PFLT a lot more compared to its brother fund PennantPark Investment Corp (PNNT). I wanted to circle back and dedicate an article that is more focused on PFLT individually, as I believe this business development company may see increased valuations over the next months as I anticipate interest rate cuts to happen. PFLT operates as a bu ...

Over the long run, Wall Street has been nothing short of a wealth-building machine. Although the stock market has its ups and downs, equities have handily outperformed other asset classes over the last century, including Treasury bonds, housing, oil, and gold. Dividend stocks are Wall Street's unsung hero The report found that dividend stocks more than doubled the average annual return of non-payers (9.17% vs. 4.27%). Moreover, this outperformance was achieved with dividend stocks being 6% less volatile tha ...

"We are appreciative of the support from all of our existing lending partners and pleased to have expanded our relationships. Their support highlights the confidence they have in our excellent long term track record," said Arthur Penn, Chairman and Chief Executive Officer of PFLT. "This increased facility will expand our ability to serve middle-market sponsor and borrower clients by providing them with more comprehensive senior secured solutions. This enhanced credit facility positions us well to capture th ...

MIAMI, June 04, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) announced that as result of expanded lender partner relationships, it has upsized its credit facility, led by Truist Bank (the "Credit Facility") to $611 million from $436 million. Pricing on this facility remained unchanged at SOFR plus 236 basis points. "We are appreciative of the support from all of our existing lending partners and pleased to have expanded our relationships. Their support highlig ...

MIAMI, June 04, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for June 2024 of $0.1025 per share, payable on July 1, 2024 to stockholders of record as of June 14, 2024. The distribution is expected to be paid from taxable net investment income. The final 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 wit ...