PennantPark Floating Rate Capital Ltd. is an American investment company focused on providing financial services and financing to middle-market to large companies. The company primarily invests in floating-rate bonds and loans, allowing it to earn attractive returns in a floating-rate interest environment. PennantPark Floating Rate Capital provides capital to businesses in various industries, helping them finance growth, restructure their obligations, or make acquisitions. The company follows strict investment criteria and works to mitigate risks and optimize returns for its shareholders. Investing in PennantPark Floating Rate Capital Ltd. (PFLT) shares may be an interesting choice for investors looking for opportunities in corporate finance and preferring investments in floating-rate bonds.
PennantPark Floating Rate Capital: Diversified portfolio and attractive dividend
Stable dividend payout
PennantPark Floating Rate Capital $PFLT is a business development company (BDC) that offers investors an attractive dividend yield. With the exception of 2018, it pays monthly dividends that have been increasing or remaining stable since 2011. At current prices, the dividend... Read more
PennantPark Floating Rate Capital: Stable returns in an uncertain environment
1. Introduction:
- PennantPark Floating Rate Capital $PFLT: The company is a business development company (BDC) that provides high-interest loans to mid-sized businesses that traditional banks do not target. This focus allows it to choose borrowers who have a solid ability to repay their debts.
It's a nicely built business and the dividend is great too, but I guess I'm not interested enough in this company to include their stock in my portfolio.
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As a dividend, it's nice, but I see it similarly to others. I like the stock to grow too.