Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag PennantPark (PNNT) raised its dividend despite falling income and rising credit risk, while its sibling PFLT showed stronger financial health.

flag PennantPark Investment Corp. (PNNT) declared a $0.08 monthly dividend for October 2025, payable November 3 to shareholders of record October 15, maintaining its eight-year streak of dividend increases. flag The payout yields about 14.6% annually, but net investment income of $0.18 per share in Q3 2025 fell short of the $0.24 distributed, creating a 25% coverage gap. flag The company’s net asset value declined to $7.36 by June 30, 2025, and non-accrual loans rose to 2.8% of the portfolio. flag Meanwhile, PennantPark Floating Rate Capital (PFLT) declared a $0.1025 monthly distribution, funded by taxable income, with a 119% coverage ratio as of June 30 and a net asset value of $10.96. flag Both firms focus on floating-rate debt to middle-market U.S. companies, but PNNT faces greater sustainability concerns due to declining income and rising credit risk.

7 Articles