Market Overview

Analyzing PennantPark Floating Rate's Ex-Dividend Date

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On January 5, 2021, PennantPark Floating Rate (NASDAQ:PFLT) declared a dividend payable on February 1, 2021 to its shareholders. PennantPark Floating Rate also announced that shareholders on the company's books on or before January 19, 2021 are entitled to the dividend. The stock will then go ex-dividend 2 business day(s) before the record date. The ex-dividend date for PennantPark Floating Rate will be on January 15, 2021. The company's current dividend payout is at $0.1. That equates to a dividend yield of 10.9% at current price levels.

What Is An Ex-Dividend Date?

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

PennantPark Floating Rate's Dividend History

Over the past year, PennantPark Floating Rate has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on September 16, 2020 the company's payout was $0.1, which has returned to its value today. PennantPark Floating Rate's dividend yield last year was 13.36%, which has since decreased by 2.46%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

To read more news on PennantPark Floating Rate click here.

 

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Posted-In: BZI-ExDivDividends

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