PFLT: High Monthly Income, But Coverage Looking Pressured

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 ...