Analyzing Pennant Park Investment's Ex-Dividend Date

Pennant Park Investment PNNT declared a dividend payable on July 1, 2021 to its shareholders as of June 2, 2021. It was also announced that shareholders of Pennant Park Investment's stock as of June 17, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Pennant Park Investment, whose current dividend payout is $0.12, has an ex-dividend date set at June 16, 2021. The payout equates to a dividend yield of 7.03% at current price levels.

The Significance Of Ex-Dividend Dates

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Pennant Park Investment's Dividend Performance

Over the past year, Pennant Park Investment has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on June 16, 2020 the company's payout was $0.12, which has returned to its value today. Pennant Park Investment's dividend yield last year was 14.16%, which has since decreased by 7.13%.
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.

Click here to find details on Pennant Park Investment's previous dividends.