Reported 9 days ago
PennantPark Floating Rate Capital (NYSE: PFLT) presents an investment opportunity with an impressive 11% yield, distributing monthly dividends of $0.1025 per share. This little-known business development company focuses on investing in mid-market businesses and has managed to maintain a strong performance by strategically lending to this sector, with most of its debt investments secured. Despite challenges, PennantPark has shown resilience, delivering a 187% return to investors since going public in 2011, making it a potentially lucrative choice for income seekers.
Source: YAHOO