PennantPark Floating Rate Capital Ltd.
PFLTFinancial Services · Stock · monthly payer
Forward Yield
16.44%
Annual Dividend
$1.19
Payout Ratio
195%
5-Yr Growth
1.6%
Ex-Date
Jul 15, 2026
Frequency
Monthly
Summary
As of July 2026, PennantPark Floating Rate Capital Ltd. (PFLT) yields 16.44% ($1.19 per share annually), with a blended fair-value estimate of $12.02 — +66% upside, so it screens as undervalued. Dividend safety grade: C (55/100).
Is PFLT a good dividend stock?
MixedPennantPark Floating Rate Capital Ltd. (PFLT) pays a monthly dividend yielding 16.44% ($1.19/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2018
- Elevated payout ratio (195%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 16.44%
- Payout Ratio
- 195%
- Annual Dividend
- $1.19
- 5-Yr Avg Growth
- 1.6%
- Ex-Dividend Date
- Jul 15, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.75
- Market Cap
- $719.3M
- P/E Ratio
- 11.5
- 5-Yr Total Return
- -44%
- 52-Week Range
- $7.02 – $10.78
- Dividend Safety
- C · 55/100
- Ever Cut?
- Yes (2018)
Frequently Asked Questions
PFLT Price — Last 12 Months
Daily close
Price Return
1 Year
-29%
3 Years
-33%
5 Years
-44%
52-Week Range
$7.02 – $10.78
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PFLT worth?
Undervaluedlow confidenceOur blended fair-value estimate for PennantPark Floating Rate Capital Ltd. is $12.02 per share, versus a market price of $7.25. That implies 66% of upside — a margin of safety of about 40%.
Fair Value
$12.02
Current Price
$7.25
Upside
+66%
Margin of Safety
40%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 8.4% annual free-cash-flow growth. We model -5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.1% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $0.63 EPS, $1.19 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PFLT Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 15, 2026 | — | $0.0830 | regular |
| Jun 15, 2026 | — | $0.0830 | regular |
| May 15, 2026 | — | $0.1030 | regular |
| Apr 15, 2026 | — | $0.1030 | regular |
| Mar 16, 2026 | — | $0.1030 | regular |
| Feb 17, 2026 | — | $0.1030 | regular |
| Jan 16, 2026 | — | $0.1030 | regular |
| Dec 15, 2025 | — | $0.1030 | regular |
| Nov 17, 2025 | — | $0.1030 | regular |
| Oct 15, 2025 | — | $0.1030 | regular |
| Sep 15, 2025 | — | $0.1030 | regular |
| Aug 15, 2025 | — | $0.1030 | regular |
| Jul 15, 2025 | — | $0.1030 | regular |
| Jun 16, 2025 | — | $0.1030 | regular |
Income Calculator
At $1.19 / yr per share
