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PennantPark (PNNT) Exits JF Intermediate With $63.1M Realized Gain
Yahoo Finance· 2025-12-27 06:06
PennantPark Investment Corporation (NYSE:PNNT) is included among the 13 Highest Paying Monthly Dividend Stocks to Buy. PennantPark (PNNT) Exits JF Intermediate With $63.1M Realized Gain Image by Steve Buissinne from Pixabay On December 15, PennantPark Investment Corporation (NYSE:PNNT) said it sold its equity stake in JF Intermediate, LLC for $67.5 million. The deal produced a realized gain of $63.1 million. That figure was close to the investment’s fair value as of September 30, 2025. At that time, JF ...
Prospect Capital Announces Annual Meeting Update
Globenewswire· 2025-12-16 21:01
NEW YORK, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced that it held its annual meeting of stockholders (the “Annual Meeting”) on December 16, 2025. The proposals that were considered at the Annual Meeting are described in detail in the Company’s definitive proxy statement for the Annual Meeting as filed with the Securities and Exchange Commission on September 18, 2025 (the “Proxy”). As of September 17, 2025, there were 465,087,009 ...
New Strong Sell Stocks for Dec. 16
ZACKS· 2025-12-16 11:41
Core Viewpoint - Three stocks have been added to the Zacks Rank 5 (Strong Sell) List, indicating a negative outlook for these companies based on recent earnings estimate revisions. Group 1: Company-Specific Summaries - BellRing Brands, Inc. (BRBR), a nutrition products company from Argentina, has seen its current year earnings estimate revised downward by 14.2% over the last 60 days [1] - Blue Owl Capital Corporation (OBDC), a business development company, has experienced a 3.8% downward revision in its current year earnings estimate over the last 60 days [1] - Cool Company Ltd. (CLCO), an operator of liquefied natural gas carriers, has had its current year earnings estimate revised downward by 6% over the last 60 days [2]
Capital Southwest Corporation Announces the Promotion of Grant Eason to Managing Director
Globenewswire· 2025-12-09 21:01
Core Insights - Capital Southwest Corporation has promoted Grant Eason to Managing Director, recognizing his extensive experience and contributions to the company [1][2] - The company focuses on providing flexible financing solutions to support the acquisition and growth of middle market businesses, with a significant investment portfolio valued at approximately $1.9 billion as of September 30, 2025 [3] Company Overview - Capital Southwest Corporation is an internally managed business development company based in Dallas, Texas, specializing in middle market lending [3] - The company targets investments ranging from $5 million to $50 million across various capital structures, including first lien, second lien, and non-control equity co-investments [3] - As a public company with a permanent capital base, Capital Southwest has the flexibility to offer creative financing solutions and support the long-term growth of its portfolio companies [3] Leadership and Experience - Grant Eason has been with Capital Southwest for nearly seven years and has a proven track record in sourcing and underwriting quality investment opportunities [2] - He brings 15 years of experience, including over 12 years in credit underwriting, and has previously held positions at Stonehenge Capital and Stephens [2]
Truist Analyst Bullish on PennantPark Floating Rate Capital (PFLT)
Yahoo Finance· 2025-12-04 22:12
Core Viewpoint - PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) is highlighted as a strong growth stock, with a Buy recommendation and a price target of $11 from Truist Financial [1]. Financial Performance - For the quarter ended September 30, 2025, PennantPark allocated $633 million towards 116 portfolio holdings, with an average yield of 10.5% on debt investments [2]. - The company reported sales and repayments of investments totaling $256.2 million for the same quarter [2]. - Investment income for the three months and year ended September 30, 2025, was $69 million and $261.4 million, respectively, primarily from first lien secured debt and other investments [3]. Company Overview - PennantPark Floating Rate Capital Ltd. is a business development company that focuses on investing in floating rate loans and other debt or equity of middle-market companies, mainly in the United States [3].
Stop Waiting for “Rate Cuts.” Here’s How to Build an 8% Yield Portfolio Even if the Fed Holds Rates in December
Yahoo Finance· 2025-12-04 16:04
Core Viewpoint - Many investors are anticipating further interest rate cuts in December, with a 93% probability assigned to this outcome, while dividend stocks like Plains All American Pipeline LP, Hercules Capital, and TORM plc are highlighted as attractive options for building a high-yield portfolio without resorting to Treasuries [3][4][6]. Company Summaries Plains All American Pipeline (PAA) - Plains All American Pipeline is a midstream company that transports and processes crude oil and natural gas liquids, generating steady cash flow through fee-based contracts, independent of commodity prices [5][7]. - The stock has appreciated by 83.27% over the past five years, not accounting for its substantial dividend [7]. - The company benefits from increased pipeline usage driven by long-term energy demand growth and booming exports from North America to Europe, with a forward dividend yield of 8.74% [8]. Hercules Capital (HTGC) - Hercules Capital is a business development company focused on venture lending, known for high dividend yields due to its tax structure that mandates nearly all income distribution to shareholders [9]. - The company offers a forward dividend yield of 10.23% and has received a Baa2 investment-grade rating upgrade from Moody's [5]. TORM plc (TRMD) - TORM benefits from Europe's transition to North American and Middle Eastern energy sources, necessitating longer-distance tanker transport [5].
PennantPark Investment Corporation's Recent Developments
Financial Modeling Prep· 2025-12-03 03:06
Core Insights - PennantPark Investment Corporation is a business development company focused on investing in U.S. middle-market private companies through debt and equity investments [1] - Compass Point upgraded PennantPark's stock from Sell to Neutral, indicating a more positive outlook despite a recent stock price decrease of 1.87% [2][6] - The company announced a monthly distribution of $0.08 per share for December 2025, expected to provide a steady income stream for investors [3][6] Stock Performance - The stock price has fluctuated between $5.66 and $5.91, with a 52-week high of $7.53 and a low of $5.66, indicating market volatility [4][6] - The company's market capitalization is approximately $376.76 million, reflecting its size and value in the market [4] - The trading volume for the day is 1,524,801 shares, showcasing active investor interest [4] Distribution Details - The distribution's tax characteristics will be detailed to stockholders on Form 1099 after the year ends, ensuring transparency and compliance with regulatory requirements [5]
4 Dividend Stocks to Buy With $5,000 and Hold Forever
The Motley Fool· 2025-11-23 08:14
Core Insights - The article emphasizes the potential of dividend stocks as a source of passive income for investors, highlighting their ability to provide regular income and contribute significantly to overall stock market returns [1][2]. Dividend Stocks Performance - Research indicates that dividends have accounted for 85% of the cumulative return of the S&P 500 since 1960, primarily through reinvested dividends [3]. - Dividend-paying companies have outperformed non-dividend payers over a 50-year period, with average returns of 9.2% compared to 4.3% [4]. - Companies that consistently grow their dividends have achieved annualized returns of 10.2% with lower volatility [4]. Company Profiles - **BlackRock (BLK)**: The world's largest asset manager with a market cap of $166 billion and a dividend yield of 2.04%. BlackRock has raised its dividend for 16 consecutive years, benefiting from long-term trends like growing asset prices and rising 401(k) contributions [6][9]. - **Chubb (CB)**: A leading global insurer with a market cap of $117 billion and a dividend yield of 1.26%. Chubb has increased its dividend payout for 32 consecutive years, showcasing its strong business model and capital management [10][13]. - **S&P Global (SPGI)**: A major player in credit ratings with a market cap of $149 billion and a dividend yield of 0.77%. S&P Global has raised its dividend for over 53 years and is well-positioned to benefit from rising global debt issuance [14][17]. - **Ares Capital Corporation (ARCC)**: The largest business development corporation in the U.S. with a market cap of $14 billion and a high dividend yield of 9.68%. Ares Capital has a stable portfolio and has been lending to middle-market companies for over two decades [18][22].
Capital Southwest Announces Monthly Regular Dividends for the Quarter Ending March 31, 2026 and Quarterly Supplemental Dividend Payable on March 31, 2026
Globenewswire· 2025-11-19 21:01
Core Viewpoint - Capital Southwest Corporation has declared monthly regular dividends of $0.1934 per share for January, February, and March 2026, along with a quarterly supplemental dividend of $0.06 per share payable in March 2026 [1][3]. Dividend Details - The total regular dividends per share for the quarter ending March 31, 2026, amount to $0.58, while the total supplemental dividend per share is $0.06, leading to total dividends per share of $0.64 for the same quarter [3]. - The payment schedule for the regular monthly dividends is as follows: - January 15, 2026: $0.1934 - February 13, 2026: $0.1934 - March 13, 2026: $0.1934 [2]. Company Overview - Capital Southwest Corporation is a Dallas-based internally managed business development company with approximately $1.9 billion in investments at fair value as of September 30, 2025 [5]. - The company focuses on providing flexible financing solutions to support the acquisition and growth of middle market businesses, making investments ranging from $5 million to $50 million across various capital structures [5]. - Capital Southwest operates with a permanent capital base, allowing for creative financing solutions and long-term investments in portfolio companies [5]. Dividend Reinvestment Plan - The company maintains a Dividend Reinvestment Plan (DRIP) that allows registered stockholders to automatically reinvest dividends into additional shares of Capital Southwest's common stock [4].
Dividend Investor Making $16,300 A Month Shares His Top 7 High-Yield Stocks – 'Don't Let Anyone Tell You Dividend Investing Will Not Pay The Bills'
Yahoo Finance· 2025-11-18 15:16
Core Insights - Dividend stocks are gaining traction among investors seeking to safeguard their portfolios from market volatility, particularly due to concerns over inflated AI stock valuations [1] - A Redditor shared a successful dividend investment strategy, highlighting a portfolio that generated $16,378 in October with a yield of approximately 14% [1][2] Company Summaries - **Ares Capital Corporation**: This business development company has a dividend yield of about 9.5%. Its Q3 earnings met Wall Street estimates, with interest income from investments exceeding expectations [3] - **Abrdn Global Infrastructure Income Fund**: This fund offers exposure to the global infrastructure sector and boasts a dividend yield of around 11% [3] - **Energy Transfer LP**: This midstream energy company has a dividend yield of approximately 8%. However, its Q3 results fell short of Wall Street estimates, with a revenue decline of 3.9% year-over-year [4] - **NEOS Bitcoin High Income ETF**: This ETF provides direct exposure to Bitcoin and has a distribution rate of about 28%, with monthly payouts [5] - **YieldMax Universe Fund of Option Income ETFs**: This fund employs options strategies across multiple ETFs to generate income, featuring a monthly distribution rate of approximately 75% [5] - **Dynex Capital**: This mortgage REIT offers a high dividend yield of about 15% and has seen a 6% increase in stock price this year. The co-CEO emphasized that dividend stocks are suitable for all investors, not just older generations [7]