By the close of today, November 01, 2023, Pennant Park Investment PNNT will issue a dividend payout of $0.07 per share, resulting in an annualized dividend yield of 4.35%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on October 16, 2023.
Pennant Park Investment Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-10-16 | 4 | $0.07 | 4.35% | 2023-10-03 | 2023-10-17 | 2023-11-01 |
| 2023-09-15 | 4 | $0.21 | 12.57% | 2023-08-09 | 2023-09-18 | 2023-10-02 |
| 2023-06-14 | 4 | $0.2 | 16.39% | 2023-05-10 | 2023-06-15 | 2023-07-03 |
| 2023-03-15 | 4 | $0.18 | 12.19% | 2023-02-08 | 2023-03-16 | 2023-04-03 |
| 2022-12-16 | 4 | $0.17 | 10.84% | 2022-11-16 | 2022-12-19 | 2023-01-03 |
| 2022-09-16 | 4 | $0.15 | 9.1% | 2022-08-03 | 2022-09-19 | 2022-10-03 |
| 2022-06-16 | 4 | $0.14 | 7.76% | 2022-05-04 | 2022-06-17 | 2022-07-01 |
| 2022-03-16 | 4 | $0.14 | 7.79% | 2022-02-09 | 2022-03-17 | 2022-04-01 |
| 2021-12-17 | 4 | $0.12 | 7.09% | 2021-12-02 | 2021-12-20 | 2022-01-03 |
| 2021-09-16 | 4 | $0.12 | 7.41% | 2021-09-02 | 2021-09-17 | 2021-10-01 |
| 2021-06-16 | 4 | $0.12 | 7.03% | 2021-06-02 | 2021-06-17 | 2021-07-01 |
| 2021-03-17 | 4 | $0.12 | 8.54% | 2021-03-02 | 2021-03-18 | 2021-04-01 |
When comparing Pennant Park Investment's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer TriplePoint Venture Gwth TPVG having the highest annualized dividend yield at 16.91%.
Analyzing Pennant Park Investment Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2019 to 2022, investors saw an average decrease in the company's dividend per share, decreasing from $0.72 in 2019 to $0.60 in 2022. This is not favorable for investors as it indicates a decline in the company's dividend payout over the years. Further analysis is recommended to understand the factors contributing to this decrease.
YoY Earnings Growth For Pennant Park Investment
Investors can observe a decrease in Pennant Park Investment's earnings per share from $0.71 in 2019 to $0.67 in 2022. This declining earnings trend may be concerning for income-seeking investors, as it indicates a potential impact on the company's cash dividend payouts. A comprehensive analysis is recommended to understand the factors driving this decrease and evaluate its implications on future dividend payments.
Recap
This article takes an in-depth look at Pennant Park Investment's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.07 per share today, translating to an annualized dividend yield of 4.35%.
When comparing Pennant Park Investment's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer TriplePoint Venture Gwth having the highest annualized dividend yield at 16.91%.
The decrease in both dividend per share and earnings per share from 2019 to 2022 for Pennant Park Investment suggests financial challenges, which may require a cautious approach in distributing profits to shareholders.
To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.
\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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