SmarterDividends
PFLT

PennantPark Floating Rate Capital Ltd.

PFLT

Financial Services · Asset Management · Stock · monthly payer

$6.44

Undervalued · +58% Add to Portfolio

Forward Yield

15.52%

Annual Dividend

$1.00

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 27, 2026, PennantPark Floating Rate Capital Ltd. (PFLT) has a forward dividend yield of 15.52%, based on an annual dividend of $1.00 per share and a share price of $6.44.
  • As of Oct 27, 2026, PFLT's dividend safety grade from SmarterDividends is D (41 out of 100), which rates the dividend as unsafe.
  • PFLT last cut its regular dividend in 2018.
  • PFLT's most recent ex-dividend date was Oct 15, 2026, for a dividend of $0.0830 per share.
  • As of Oct 27, 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 27, 2026, PFLT's 15.52% yield is 47% above its five-year average yield of 10.57%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for PFLT is $10.16 per share, 58% above the $6.44 share price, so PFLT screens as undervalued.
  • PennantPark Floating Rate Capital Ltd. (PFLT) pays its dividend monthly, 12 times a year.
  • PennantPark Floating Rate Capital Ltd. (PFLT) has raised its regular dividend 17 times and cut it 5 times across the 189 payments on record since 2011. Its most recent change was a 19.4% cut to $0.0830 per share, going ex-dividend on Jun 15, 2026.
Cite this page

SmarterDividends, "PFLT Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/PFLT

Summary

As of Oct 27, 2026, PennantPark Floating Rate Capital Ltd. (PFLT) yields 15.52% ($1.00 a year per share) and has a dividend safety grade of D (41/100).

Is PFLT a good dividend stock?

Higher risk

PennantPark Floating Rate Capital Ltd. (PFLT) pays a monthly dividend yielding 15.52% ($1.00/yr), with 0 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.

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
    • Below-average dividend safety score

    Key Data

    Dividend Yield
    15.52%
    Payout Ratio
    237%
    Annual Dividend
    $1.00
    5-Yr Avg Growth
    1.6%
    Ex-Dividend Date
    Oct 15, 2026
    Years of Growth
    0
    Frequency
    monthly
    Beta
    0.80
    Market Cap
    $639.0M
    P/E Ratio
    12.6
    5-Yr Total Return
    -51%
    52-Week Range
    $6.15 – $9.75
    Dividend Safety
    D · 41/100
    Ever Cut?
    Yes (2018)

    PFLT dividend raises and cuts

    PennantPark Floating Rate Capital Ltd. (PFLT) has raised its regular dividend 17 times and cut it 5 times across the 189 payments on record since 2011. Its most recent change was a 19.4% cut to $0.0830 per share, going ex-dividend on Jun 15, 2026.

    Ex-dateChangeOld → newMove
    Jun 15, 2026Cut$0.103 → $0.0830−19.4%
    Jun 14, 2023Raise$0.100 → $0.103+3.0%
    Mar 15, 2023Raise$0.0950 → $0.100+5.3%
    Nov 19, 2018Raise$0.0820 → $0.0950+15.9%
    Oct 17, 2018Raise$0.0170 → $0.0820+382.4%
    Sep 17, 2018Cut$0.0780 → $0.0170−78.2%
    Sep 14, 2018Raise$0.0770 → $0.0780+1.3%
    Aug 20, 2018Raise$0.0760 → $0.0770+1.3%
    Jul 17, 2018Cut$0.0950 → $0.0760−20.0%
    Mar 18, 2015Raise$0.0900 → $0.0950+5.6%
    Nov 18, 2013Raise$0.0870 → $0.0900+3.4%
    Oct 17, 2013Cut$0.0880 → $0.0870−1.1%
    Show all 22 changes since 2011
    Ex-dateChangeOld → newMove
    Sep 18, 2013Raise$0.0870 → $0.0880+1.1%
    Jul 17, 2013Cut$0.0880 → $0.0870−1.1%
    Jun 19, 2013Raise$0.0870 → $0.0880+1.1%
    Mar 20, 2013Raise$0.0850 → $0.0870+2.4%
    Feb 14, 2013Raise$0.0830 → $0.0850+2.4%
    Oct 17, 2012Raise$0.0800 → $0.0830+3.8%
    May 18, 2012Raise$0.0750 → $0.0800+6.7%
    Jan 18, 2012Raise$0.0700 → $0.0750+7.1%
    Aug 18, 2011Raise$0.0600 → $0.0700+16.7%
    Jul 20, 2011Raise$0.0500 → $0.0600+20.0%
    Every PFLT payment →Download every raise and cut (CSV)
    PFLT ex-dividend date & scheduleNext ex-date Oct 15, 2026 · full ex-dividend historyView →PFLT dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is PFLT a good dividend stock?

    Higher risk. PennantPark Floating Rate Capital Ltd. (PFLT) pays a monthly dividend yielding 15.52% ($1.00/yr), with 0 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.

    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 $6.44 share price — so it looks undervalued (+58% vs. fair value).

    Is PFLT's dividend safe?

    PFLT has a dividend-safety grade of D (41/100), 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 58% above the current $6.44 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 "higher risk" and undervalued. PennantPark Floating Rate Capital Ltd. (PFLT) pays a monthly dividend yielding 15.52% ($1.00/yr), with 0 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk. This is research for your own analysis, not investment advice.

    Will PFLT cut its dividend?

    PFLT earns a dividend-safety grade of D (41/100), 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 $1.00 per share annually, a forward yield of roughly 15.52%.

    What is PFLT's dividend yield?

    As of Oct 27, 2026, PFLT's forward dividend yield is 15.52%, based on a $1.00 annual dividend and a $6.44 share price.

    What is PFLT's dividend per share?

    As of Oct 27, 2026, PFLT pays $1.00 per share per year, distributed on a monthly basis.

    What is PFLT's dividend payout ratio?

    As of Oct 27, 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 27, 2026, PFLT's next ex-dividend date hasn't been announced. The most recent was Oct 15, 2026, for $0.0830 per share.

    Income Calculator

    At $1.00 / yr per share

    Per payment (monthly)$8.33
    Annual$100.00
    Monthly avg$8.33

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