PennantPark Floating Rate Capital Ltd. (PFLT)
2 Names To Boost Your Passive Income
When it comes to investing, there are always many selections that investors have in terms of the approach they want to take. As I'm a heavily income-oriented investor, I tend to straddle my selections primarily through higher-yielding investment options but also dividend growth choices. Dividend growth investments may not be as exciting up front, but over time, all the small increases can add up.
PennantPark (PFLT) Upgraded to Strong Buy: Here's Why
PennantPark (PFLT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
PennantPark Floating Rate Capital (PFLT) Q1 2025 Earnings Call Transcript
PennantPark Floating Rate Capital (NYSE:PFLT ) Q1 2025 Earnings Conference Call February 11, 2025 9:00 AM ET Company Participants Art Penn - Chairman and Chief Executive Officer Richard Allorto - Chief Financial Officer Conference Call Participants Robert Dodd - Raymond James Brian McKenna - Citizens JMP Mark Hughes - Truist Mickey Schleien - Ladenburg Paul Johnson - KBW Operator Good morning, and welcome to the PennantPark Floating Rate Capital's First Fiscal Quarter 2025 Earnings Conference Call. Today's conference is being recorded.
Compared to Estimates, PennantPark (PFLT) Q1 Earnings: A Look at Key Metrics
The headline numbers for PennantPark (PFLT) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
PennantPark (PFLT) Q1 Earnings and Revenues Beat Estimates
PennantPark (PFLT) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.33 per share a year ago.
PennantPark Floating Rate Capital: Improved Portfolio Quality And Discounted Valuation
I maintain my buy rating on PFLT due to its improved non-accrual rate, prioritization of new investments, and slightly improved dividend coverage. PennantPark Floating Rate Capital's current dividend yield is 11.1%, but negative returns and high debt levels have impacted its attractiveness compared to peers. The price trades at a slight discount to NAV, offering a potential upside of 6.8%, supported by improving portfolio metrics and a high rate of capital allocated towards new investments.
This Completely Off-the-Radar Company Yielding 11.5% Might Be the Safest High-Octane Dividend Stock to Own in 2025
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.
2 Dividend Stocks Yielding More Than 10%. Are They Right for Your Passive Income Portfolio?
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.
Is This High-Yield Dividend Stock a Monster Buying Opportunity for 2025 After Posting Bad News?
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.
PennantPark Floating Rate Capital Ltd (PFLT) Q4 2024 Earnings Call Transcript
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.
Meet the Little-Known Company Yielding 11% That Continues to Deliver Monthly for Income Seekers and Is Making Patient Investors Notably Richer
This might be Wall Street's safest high-octane income stock.
PFLT: High Monthly Income, But Coverage Looking Pressured
PennantPark Floating Rate Capital focuses on first-lien floating rate loans, maintaining 87% allocation in senior secured debt. PFLT offers a high yield at ~10.7%, but coverage has been under pressure and should come further under pressure as the Fed cuts rates. PFLT is trading at a slight premium to its last reported NAV per share, which suggests that it isn't looking like a bargain currently.
