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PennantPark Floating Rate Capital

PFLT

Market cap $697M

7.02 USD

-0.10

1.4%

At close Updated Sep 15, 4:00 PM EDT

Pre-market

After hours

7.02

0.00

0%

1 day

-1.4%

5 days

-3.44%

1 month

-3.31%

3 months

-9.65%

6 months

-13.23%

Year to date

-25.32%

1 year

-28.51%

5 years

-45.79%

10 years

-45.67%

About: PennantPark Floating Rate Capital Ltd is a closed-end, externally managed, non-diversified investment company. Its investment objectives are to generate both 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 generates revenue in the form of interest income on the debt securities and dividends.

Financials Asset Management

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 13.3%

Neutral 66.7%

Negative 20%

The Fed's Next Move Could Awaken These Big BDC Dividends

Rate hikes are back on the table. For most investors, that's bad news.

The Fed's Next Move Could Awaken These Big BDC Dividends

The Party Is Over For These 3 Former BDC Dividend Darlings

The BDC sector thrived post-COVID as low rates and strong underwriting supported robust dividends and performance. Rising rates initially sparked default fears, but BDCs benefited from higher coupons and stable funding costs, with limited non-accrual uptick. Since early 2025, most BDCs have cut dividends, and total returns now barely match inflation or T-bill rates.

The Party Is Over For These 3 Former BDC Dividend Darlings

PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.0833 per Share

MIAMI, Sept. 02, 2026 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd.

PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.0833 per Share

PennantPark Floating Rate Capital Ltd.'s Unconsolidated Joint Venture, PennantPark Senior Secured Loan Fund I LLC Completes the Reset of $316.7 Million Securitization, Substantially Reducing Borrowing Costs

MIAMI, Aug. 31, 2026 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) announced that PennantPark Senior Secured Loan Fund I LLC (“PSSL”), through PSSL's wholly-owned and consolidated subsidiary, PennantPark CLO II, Ltd (“CLO II”), has closed the reset of a four-year reinvestment period, twelve-year final maturity $316.7 million debt securitization.

PennantPark Floating Rate Capital Ltd.'s Unconsolidated Joint Venture, PennantPark Senior Secured Loan Fund I LLC Completes the Reset of $316.7 Million Securitization, Substantially Reducing Borrowing Costs

24/7 Wall Street

PennantPark vs. PennantPark Floating Rate: Which BDC Pays Income Investors Better?

PennantPark Investment (NYSE:PNNT) and PennantPark Floating Rate Capital (NYSE:PFLT) both reported Q3 FY26 results on Aug.

PennantPark vs. PennantPark Floating Rate: Which BDC Pays Income Investors Better?

PennantPark Floating Rate Capital: Better Dividend Coverage But Same Problems

PennantPark Floating Rate Capital remains a hold due to persistent NAV declines and headwinds from elevated interest rates. PFLT's dividend was reduced to 12.8% yield, now covered by net investment income, but coverage remains thin and growth momentum is lacking. Net investment activity remains negative as sales and repayments outpace new investments, with a high debt-to-equity ratio of 1.56x constraining growth.

PennantPark Floating Rate Capital: Better Dividend Coverage But Same Problems

PennantPark Floating Rate Capital (PFLT) Q3 2026 Earnings Call Transcript

PennantPark Floating Rate Capital (PFLT) Q3 2026 Earnings Call Transcript

PennantPark Floating Rate Capital (PFLT) Q3 2026 Earnings Call Transcript

PennantPark Floating Rate Capital Q3 Earnings Call Highlights

PennantPark Floating Rate Capital NYSE: PFLT reported fiscal third-quarter core net investment income of $0.26 per share for the quarter ended June 30, exceeding its base quarterly dividend of $0.24 per share.

PennantPark Floating Rate Capital Q3 Earnings Call Highlights

Zacks Investment Research

PennantPark (PFLT) Lags Q3 Earnings and Revenue Estimates

PennantPark (PFLT) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.25 per share a year ago.

PennantPark (PFLT) Lags Q3 Earnings and Revenue Estimates

July Income Rising - 1 Raise And 4 Business Development Company Cuts

WP Carey (WPC) delivered a steady dividend raise, maintaining a 5.1% yield and demonstrating resilient income performance. Four BDCs—PFLT, CCAP, CGBD, OBDC—implemented double-digit dividend cuts, reflecting sector volatility and recent price declines near 52-week lows. Despite dividend reductions, all BDCs remain in the RIG portfolio, with recommendations to hold as dividend coverage stabilizes and recovery potential emerges.

July Income Rising - 1 Raise And 4 Business Development Company Cuts

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