PennantPark Floating Rate Capital Ltd.
PFLTFinancial Services · Asset Management · Stock · monthly payer
Forward Yield
15.08%
Annual Dividend
$1.21
Payout Ratio
237%
5-Yr Growth
1.6%
Ex-Date
Oct 15, 2026
Frequency
Monthly
Key facts about PFLT's dividend
Data as of · Source: SmarterDividends data
- As of Oct 14, 2026, PennantPark Floating Rate Capital Ltd. (PFLT) has a forward dividend yield of 15.08%, based on an annual dividend of $1.21 per share and a share price of $6.63.
- As of Oct 14, 2026, PFLT's dividend safety grade from SmarterDividends is C (57 out of 100), which rates the dividend as borderline.
- PFLT last cut its regular dividend in 2018.
- PFLT's next ex-dividend date is Oct 15, 2026, with payment on Nov 2, 2026. Shares must be owned before that date to receive the dividend.
- As of Oct 14, 2026, PFLT pays out 237% of its trailing 12-month earnings as dividends (its payout ratio).
- PFLT's dividend has grown at an average rate of 1.6% a year over the past five years.
- As of Oct 14, 2026, PFLT's 15.08% yield is 43% above its five-year average yield of 10.57%.
- As of Oct 14, 2026, SmarterDividends' blended fair-value estimate for PFLT is $10.16 per share, 53% above the $6.63 share price, so PFLT screens as undervalued.
- PennantPark Floating Rate Capital Ltd. (PFLT) pays its dividend monthly, 12 times a year.
Cite this page
SmarterDividends, "PFLT Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 14, 2026, https://smarterdividends.com/stocks/PFLT
Summary
As of Oct 14, 2026, PennantPark Floating Rate Capital Ltd. (PFLT) yields 15.08% ($1.21 a year per share) and has a dividend safety grade of C (57/100).
Is PFLT a good dividend stock?
MixedPennantPark Floating Rate Capital Ltd. (PFLT) pays a monthly dividend yielding 15.08% ($1.21/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2018
- Elevated payout ratio (237%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 15.08%
- Payout Ratio
- 237%
- Annual Dividend
- $1.21
- 5-Yr Avg Growth
- 1.6%
- Ex-Dividend Date
- Oct 15, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.80
- Market Cap
- $657.8M
- P/E Ratio
- 13.0
- 5-Yr Total Return
- -50%
- 52-Week Range
- $6.58 – $9.75
- Dividend Safety
- C · 57/100
- Ever Cut?
- Yes (2018)
Frequently Asked Questions
Is PFLT a good dividend stock?
Mixed. PennantPark Floating Rate Capital Ltd. (PFLT) pays a monthly dividend yielding 15.08% ($1.21/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Is PFLT undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PFLT's fair value is about $10.16 versus a $6.63 share price — so it looks undervalued (+53% vs. fair value).
Is PFLT's dividend safe?
PFLT has a dividend-safety grade of C (57/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2018, debt and yield-versus-history.
What is PFLT's fair value?
Our blended fair-value estimate for PFLT is about $10.16 per share, roughly 53% above the current $6.63 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is PFLT a buy, hold, or sell?
We don't issue formal ratings, but on the data PFLT screens as "mixed" and undervalued. PennantPark Floating Rate Capital Ltd. (PFLT) pays a monthly dividend yielding 15.08% ($1.21/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.
Will PFLT cut its dividend?
PFLT earns a dividend-safety grade of C (57/100), and has cut its dividend before (last in 2018). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does PFLT pay a dividend?
Yes. PennantPark Floating Rate Capital Ltd. pays a monthly dividend of about $1.21 per share annually, a forward yield of roughly 15.08%.
What is PFLT's dividend yield?
As of Oct 14, 2026, PFLT's forward dividend yield is 15.08%, based on a $1.21 annual dividend and a $6.63 share price.
What is PFLT's dividend per share?
As of Oct 14, 2026, PFLT pays $1.21 per share per year, distributed on a monthly basis.
What is PFLT's dividend payout ratio?
As of Oct 14, 2026, PFLT's payout ratio is 237% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.
How many years has PFLT grown its dividend?
PFLT does not currently have a long dividend-growth streak on record.
When is the next PFLT ex-dividend date?
As of Oct 14, 2026, the next ex-dividend date on record for PFLT is Oct 15, 2026.
PFLT Price — Last 12 Months
Daily close
Price Return
1 Year
-27%
3 Years
-34%
5 Years
-50%
52-Week Range
$6.58 – $9.75
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PFLT worth?
Undervaluedlow confidenceOur blended fair-value estimate for PennantPark Floating Rate Capital Ltd. is $10.16 per share, versus a market price of $6.63. That implies 53% of upside — a margin of safety of about 35%.
Fair Value
$10.16
Current Price
$6.63
Upside
+53%
Margin of Safety
35%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 8.3% discount rate (CAPM), 0.0% growth for five years fading to 2.5% over the next five, $0.51 EPS, $1.00 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PFLT Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full PFLT dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | Oct 1, 2026 | $0.0830 | regular |
| Aug 14, 2026 | Sep 1, 2026 | $0.0830 | regular |
| Jul 15, 2026 | Aug 3, 2026 | $0.0830 | regular |
| Jun 15, 2026 | Jul 1, 2026 | $0.0830 | regular |
| May 15, 2026 | Jun 1, 2026 | $0.1030 | regular |
| Apr 15, 2026 | May 1, 2026 | $0.1030 | regular |
| Mar 16, 2026 | Apr 1, 2026 | $0.1030 | regular |
| Feb 17, 2026 | Mar 2, 2026 | $0.1030 | regular |
| Jan 16, 2026 | Feb 2, 2026 | $0.1030 | regular |
| Dec 15, 2025 | Jan 2, 2026 | $0.1030 | regular |
| Nov 17, 2025 | Dec 1, 2025 | $0.1030 | regular |
| Oct 15, 2025 | Nov 3, 2025 | $0.1030 | regular |
| Sep 15, 2025 | Oct 1, 2025 | $0.1030 | regular |
| Aug 15, 2025 | Sep 2, 2025 | $0.1030 | regular |
Income Calculator
At $1.21 / yr per share
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