PennantPark Floating Rate's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
PennantPark Floating Rate (NYSE:PFLT) will go ex-dividend on Friday, with shareholders as of Thursday's close eligible for a dividend payout of 10.25 cents per share. The stock is expected to open lower by the dividend amount on the ex-dividend date. The dividend is scheduled to be paid on February 01, 2024.
January 09, 2024 | 2:45 pm
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PennantPark Floating Rate will pay a monthly dividend of 10.25 cents per share and will trade ex-dividend on Friday, likely causing the stock to open lower by the dividend amount.
Stocks typically drop by the amount of the dividend on the ex-dividend date as the dividend value is factored out of the stock price. Since PFLT is going ex-dividend, it is expected to open lower by the amount of the dividend, which is a direct and predictable short-term impact on the stock price.
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