PennantPark Floating Rate: Dividend Insights
Portfolio Pulse from Benzinga Insights
PennantPark Floating Rate (NYSE:PFLT) has announced a monthly dividend of 10.25 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 10.25 cents lower. Shareholders who own PFLT as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on August 01, 2023.
July 11, 2023 | 2:46 pm
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PennantPark Floating Rate's announcement of a 10.25 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a stock goes ex-dividend, it typically opens lower on the ex-dividend date to reflect the payout. This is a normal part of the dividend process and does not reflect negatively on the company's performance. However, it can lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100