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PennantPark Floating Rate Capital (PennantPark Floating Rate Capital) 5-Year Dividend Growth Rate

: 0.60% (As of Dec. 2023)
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PennantPark Floating Rate Capital's Dividends per Share for the three months ended in Dec. 2023 was $0.31.

During the past 12 months, PennantPark Floating Rate Capital's average Dividends Per Share Growth Rate was 6.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 1.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 0.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 0.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of PennantPark Floating Rate Capital was 7.00% per year. The lowest was 0.70% per year. And the median was 1.90% per year.

PennantPark Floating Rate Capital's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.81. As of today, PennantPark Floating Rate Capital's Dividend Yield % is 10.91%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of PennantPark Floating Rate Capital Ltd is 1.08, which seems too high.

Good Sign:

PennantPark Floating Rate Capital Ltd stock dividend yield is close to 3-year high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Asset Management subindustry, PennantPark Floating Rate Capital's 5-Year Dividend Growth Rate, along with its competitors' market caps and 5-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PennantPark Floating Rate Capital 5-Year Dividend Growth Rate Distribution

For the Asset Management industry and Financial Services sector, PennantPark Floating Rate Capital's 5-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where PennantPark Floating Rate Capital's 5-Year Dividend Growth Rate falls into.



PennantPark Floating Rate Capital 5-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with least square regression.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


PennantPark Floating Rate Capital  (NYSE:PFLT) 5-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

PennantPark Floating Rate Capital's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.308/ 0.38
=0.81

During the past 13 years, the highest Dividend Payout Ratio of PennantPark Floating Rate Capital was 14.25. The lowest was 0.78. And the median was 1.38.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of PennantPark Floating Rate Capital Ltd is 1.08, which seems too high.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

PennantPark Floating Rate Capital Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.1032024-04-122024-04-152024-05-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.1032024-03-152024-03-182024-04-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.1032024-02-142024-02-152024-03-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.1032024-01-122024-01-162024-02-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.1032023-12-152023-12-182024-01-02Cash DividendmonthlyUSD:USD 1.000000
USD 0.1032023-11-152023-11-162023-12-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.1032023-10-162023-10-172023-11-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.1032023-09-152023-09-182023-10-02Cash DividendmonthlyUSD:USD 1.000000
USD 0.1032023-08-152023-08-162023-09-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.1032023-07-142023-07-172023-08-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.1032023-06-142023-06-152023-07-03Cash DividendmonthlyUSD:USD 1.000000
USD 0.1002023-05-152023-05-162023-06-01Cash DividendmonthlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

PennantPark Floating Rate Capital's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.233/11.25
=10.96 %

Current Share Price is $11.25.
PennantPark Floating Rate Capital's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.233.

During the past 13 years, the highest Dividend Yield of PennantPark Floating Rate Capital was 25.85%. The lowest was 6.67%. And the median was 8.87%.

Good Sign:

PennantPark Floating Rate Capital Ltd stock dividend yield is close to 3-year high.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


PennantPark Floating Rate Capital 5-Year Dividend Growth Rate Related Terms

Thank you for viewing the detailed overview of PennantPark Floating Rate Capital's 5-Year Dividend Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.


PennantPark Floating Rate Capital (PennantPark Floating Rate Capital) Business Description

Traded in Other Exchanges
Address
1691 Michigan Avenue, Miami, FL, USA, 33139
PennantPark Floating Rate Capital Ltd is a closed-end, externally managed, non-diversified investment company. Its investment objectives are to generate current income and capital appreciation by investing in Floating Rate Loans and other investments made to U.S. middle-market companies. The company believes that Floating Rate Loans to U.S. middle-market companies offer attractive risk-reward to investors due to the limited amount of capital available for such companies and the potential for rising interest rates. The company generate revenue in the form of interest income on the debt securities and dividends.
Executives
Allorto Richard T Jr officer: CFO and Treasurer C/O PENNANTPARK INVESTMENT CORPORATION, 1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Jose A Briones director 55 PLEASANTVILLE ROAD, NEW VERNON NJ 07976
Richard Cheung officer: See Remarks C/O CAREY CREDIT INCOME FUND, 330 MADISON AVENUE, NEW YORK NY 10017
Samuel L Katz director 9 WEST 57TH ST, NEW YORK NY 10019
Adam K Bernstein director C/O PENNANTPARK INVESTMENT CORPORATION, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022
Aviv Efrat officer: CFO C/O PENNANTPARK INVESTMENT CORPORATION, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022
Arthur H Penn director, officer: Chairman and CEO, other: Investment Adviser
Jeffrey Flug director C/O PENNANTPARK INVESTMENT CORPORATION, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022
Marshall Brozost director C/O PENNANTPARK INVESTMENT CORPORATION, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022

PennantPark Floating Rate Capital (PennantPark Floating Rate Capital) Headlines