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PennantPark Floating Rate Capital Ltd. (PFLT)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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12.97-0.04 (-0.31%)
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  • L
    Larry
    When are they going to increase the dividend???? Just a penny would work for me. GLTA
  • D
    Dmitri
    is it monthly dividend?
  • F
    Foodude
    Headlines have been misleading. PFLT pays its dividend based on its Net Investment Income (NII), which was 30 cents for the quarter. It pays 28.5 cents per quarter dividend. The NII was up 2 Cents this quarter. It was 28 cents last quarter. It did have a drop in its Net Asset Value (NAV) due to non-cash flow write-offs (primarily depreciation). The NAV is now $13.24. Their invested funds have been growing substantially. I see no logical reason to be concerned about a dividend cut when their NII is actually increasing. Seems to me there's a lot of "Fake News" out there. I bought a substantial number of shares today. I've owned PFLT for over 8 years.
  • P
    Plandemic
    Serious question - I'm thinking of buying and holding this stock for a long term investment (10 years+) as something that would go into my Retirement portfolio. I like the dividend structure, and seems like there's room for this to grow back up to pre-covid numbers.

    Does anyone think this is unwise? I'm just looking for stocks to drop into my retirement portfolio with good dividends that I wouldn't touch for 10+ years.

    Thanks
  • J
    J R
    just picked up 1000 shares. So far I'm happy with my purchase. Any long time owners in this chat?
  • B
    Barton
    Any reaction from the earnings call and results? We are still underearning our dividend. Management continues to dangle "the future looks better" explanation as they have for the last several years. I am excited about the 3 companies they mentioned that they own stock in that may be able to monetize and reallocate to new loans which hopefully will translate into higher NII. PFLT has been on a good run, but I am still concerned about paying more dividends than NII.
  • M
    Melross
    I'm happy to have a chance to pick up more shares - it's been a good investment for me in the past few years...
  • B
    BBQ
    How is pflt taxed? They are non qualified divideds so that means you pay more tax holding this right?
  • B
    Barton
    Greetings Longs, I am just thinking out loud here, but I am buying a few shares each month. I do not think the current payout of $0.095/month is sustainable. I am buying the shares with the thought that worse case I will be earning $0.07/month which at current market price is about a 10% yield. PFLT only earned $0.26/share last quarter and with yields being compressed on their mostly adjustable rate loans it will mean less earnings each month. If they cut, and the payout is comfortably under earnings, then I will more aggressively add shares.

    What are your thoughts on PFLT?
  • J
    Jean
    I've owned this stock since 2013. Well managed. Panic pricing gives us a great opportunity to own a good
    company for the long term at unbelievable prices. Whether or not this is the bottom is a don't care since
    I'm not selling and buying on these dips to lower my breakeven price on the recovery
  • N
    Nick_In_Message
    Slowly the market for well managed and quality BDC's is recovering.
  • G
    Geezer31
    Question - all of PFLT's loans are floating rate loans. All of PFLT's debt I assume is fixed rate debt. So since the Feb has lowered interest rates to zero, the interest income PFLT receives on all it's loans will decline by some amount, maybe 1.5%? And the payments PFLT must make on its debt will stay fixed until PFLT can refinance their borrowings to a new lower rate. Doesn't the reduction in interest rates by the Fed mean that PFLT's interest income will decline, while PFLT's interest payments will stay the same as before, so the rate cut is a disaster for PFLT? No?
  • M
    Michael
    So it looks like there keeping the .095 per share dividend
  • D
    David
    I guess the Zacks hit piece is scaring some investors, just as they planned.
  • J
    Jean
    Just read management comments re quarterly results. Problem is that this management seems to have a convenient excuse for there underperformance. We suffered through a protracted merger with MCG to what result. Not a farthing for the shareholders. But management is getting higher fees due to the larger asset base. It appears that margins are being squeezed and management is again promising better days ahead. And the dividend is not being earned and NAV is lower. The market is speaking and the assessment is management needs to be changed
  • A
    Augustine
    Not sure how they manged to half the negative UNII, but NII YoY is -26%. I'm still not buying.
  • b
    brogers611
    Earnings released yesterday.....market did not like them missing estimate.
  • K
    Kevin
    Anybody else not seeing their dividend check for 9/4/2018?
  • C
    CaptTurbo
    I already hold too much of this but had to place a low-ball bid for more at 9.00 since they are screaming The Sky Is Falling! as loud as they can to frighten the masses.
  • M
    Michael
    Would January 2021 be the dividend cut?