PennantPark Investment: Weak Dividend Coverage Is A Concern (Rating Downgrade)

When I last covered PennantPark Investment Corporation (NYSE: PNNT ), the BDC had reported record net investment income (NII) on the back of the special dividend from Dominion Voting systems. At the time, the BDC had an excellent NII dividend coverage ratioI am a young individual investor with a strong focus on long-term wealth creation. My investment strategy revolves around selecting stocks with strong growth potential as well as stocks with stable dividend yields. I firmly believe that patience is key, a ...