Analyzing PennantPark Floating Rate's Ex-Dividend Date

PennantPark Floating Rate PFLT declared a dividend payable on August 2, 2021 to its shareholders as of July 2, 2021. It was also announced that shareholders of PennantPark Floating Rate's stock as of July 19, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for PennantPark Floating Rate will be on July 16, 2021. The company's current dividend payout is at $0.1. That equates to a dividend yield of 8.89% at current price levels.

The Significance Of Ex-Dividend Dates

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. 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 seen its dividend payouts remain the same and its yields trend downward. Last year on March 17, 2021 the company's payout sat at $0.1, which has returned to its value today. PennantPark Floating Rate's dividend yield last year was 9.42%, which has since decreased by 0.53%.
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.

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