PennantPark Floating Rate: Dividend Insights
Portfolio Pulse from Benzinga Insights
PennantPark Floating Rate (NYSE:PFLT) announced a monthly dividend of 10.25 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday are eligible for the dividend, which will be paid on December 1, 2023. The stock is expected to open 10.25 cents lower on the ex-dividend date.
November 10, 2023 | 2:45 pm
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PennantPark Floating Rate (PFLT) will pay a monthly dividend of 10.25 cents per share, with shares expected to open lower by the dividend amount on the ex-dividend date.
The stock price of PFLT is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the value of the dividend is no longer included in the stock price. This is a common occurrence and is typically priced in by the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100