PennantPark Floating Rate Capital Ltd. (PFLT)
PennantPark (PFLT) Lags Q3 Earnings Estimates
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.
PennantPark Floating Rate Capital: Abundance Of Cash That Will Fuel Growth Opportunities
PennantPark Floating Rate Capital operates as a business development company focusing on strategic debt investments in middle market companies. PFLT's consistent performance is supported by a diverse portfolio of 146 companies with EBITDA between $10M and $50M. The diverse and well-managed risk approach helps the BDC thrive. Anticipation of interest rate cuts may impact net investment income in the short term but could lead to faster growth opportunities for PFLT's portfolio in the long run.
This Little-Known, Small-Cap Company Might Be the Safest 11%-Yielding Dividend Stock on the Planet
Dividend stocks have been Wall Street's unsung hero for decades. Although high-yield stocks can occasionally be more trouble than they're worth, this isn't always the case.
