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PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) is included among the 10 Best Dividend Stocks Under $10 to Invest in.
PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) is an American business development company specializing in senior secured first lien notes.
On October 14, UBS lowered its price target for PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) from $10.50 to $9.50 while maintaining a Neutral rating on the stock.
The company reported solid results for fiscal Q3 2025. As of June 30, 2025, its portfolio totaled $2.4 billion, consisting of 155 companies with an average investment of $15.5 million and a weighted average yield on debt investments of 10.4%. During the three months ended June 30, 2025, the company invested $208.1 million across four new and 17 existing portfolio companies at a weighted average yield of 10.1%.
PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) expects net investment income to continue growing and dividend coverage to remain full as it deploys capital raised through its ATM program and prior debt financings. The company has maintained regular dividend payments to shareholders since 2011. Currently, it offers a monthly dividend of $0.1025 per share and has a dividend yield of 14.52%, as of October 28.
While we acknowledge the potential of PFLT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.
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