PennantPark Floating Rate: Dividend Insights
Portfolio Pulse from Benzinga Insights
PennantPark Floating Rate (PFLT) has announced a monthly dividend of 10.25 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders who own PFLT as of the end of Monday's session are eligible to receive the dividend, which will be paid out on September 01, 2023.
August 10, 2023 | 2:45 pm
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PFLT has announced a dividend payout, which will likely cause the stock to trade lower on Tuesday. This could impact short-term trading strategies.
Dividend payouts typically cause a stock's price to decrease by roughly the amount of the dividend on the ex-dividend date. In this case, PFLT's stock price is expected to decrease by 10.25 cents on Tuesday. This could impact short-term trading strategies, but long-term investors who reinvest dividends may not be significantly affected.
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IMPORTANCE 80
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