PennantPark Floating Rate Capital (PennantPark Floating Rate Capital) Dividend Payout Ratio

: 0.81 (As of Dec. 2023)

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PennantPark Floating Rate Capital's dividend payout ratio for the months ended in Dec. 2023 was 0.81.

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.

The historical rank and industry rank for PennantPark Floating Rate Capital's Dividend Payout Ratio or its related term are showing as below:

PFLT' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.78 Med: 1.38 Max: 14.25
Current: 1.08

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.

PFLT's Dividend Payout Ratio is ranked worse than
66.28% of 940 companies
in the Asset Management industry
Industry Median: 0.83 vs PFLT: 1.08

As of today (2024-04-19), the Dividend Yield % of PennantPark Floating Rate Capital is 10.79%.

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

PennantPark Floating Rate Capital's Dividends per Share for the 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.

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.

The growth rate is calculated with least square regression.

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

PennantPark Floating Rate Capital Dividend Payout Ratio Historical Data

The historical data trend for PennantPark Floating Rate Capital's Dividend Payout Ratio can be seen below:

* 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.

* Premium members only.

PennantPark Floating Rate Capital Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Dividend Payout Ratio

3.93

2.43

0.78

14.25

1.54

PennantPark Floating Rate Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio																-	1.93	2.76	0.64	0.81

Competitive Comparison

For the Asset Management subindustry, PennantPark Floating Rate Capital's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio Distribution

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

* The bar in red indicates where PennantPark Floating Rate Capital's Dividend Payout Ratio falls into.

PennantPark Floating Rate Capital Dividend Payout Ratio Calculation

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 fiscal year that ended in Sep. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Sep. 2023 )	/	EPS without NRI (A: Sep. 2023 )
	=	1.185	/	0.77
	=	1.54

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

PennantPark Floating Rate Capital (NYSE:PFLT) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

PennantPark Floating Rate Capital Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of PennantPark Floating Rate Capital's Dividend Payout Ratio 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

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PennantPark Floating Rate Capital Ltd (NYSE:PFLT) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

PFLT:Israel 22P:Germany

Address

1691 Michigan Avenue, Miami, FL, USA, 33139

Website

https://www.pennantpark.com

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