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PFLT Named Top 10 Financial at Dividend Channel With 8.74% Yield

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Pennantpark Floating Rate Capital (NYSE:PFLT) has been named as a Top 10 dividend-paying financial stock, according to Dividend Channel, which published its most recent ''DividendRank'' report. The report noted that among shares of financial companies, PFLT displayed both attractive valuation metrics and strong profitability metrics. For example, the recent PFLT share price of $13.04 represents a price-to-book ratio of 1.0 and an annual dividend yield of 8.74% — by comparison, the average stock in Dividend Channel's coverage universe yields 3.1% and trades at a price-to-book ratio of 2.7. The report also cited the strong monthly dividend history at Pennantpark Floating Rate Capital, and favorable long-term multi-year growth rates in key fundamental data points.

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The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research.''

The current annualized dividend paid by Pennantpark Floating Rate Capital is $1.14/share, currently paid in monthly installments, and its most recent dividend ex-date was on 06/16/2021. Below is a long-term dividend history chart for PFLT, which the report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.