Key Highlights

  • PennantPark's $0.0833 October distribution, an $0.08 base plus $0.0033 supplemental, has an October 15, 2026 record date and is payable November 2.
  • The company states it will maintain a base dividend of $0.08 and a $0.0033 supplemental dividend for October, November and December.
  • Fiscal third-quarter net investment income was $25.9 million, or $0.26 per share, and net asset value was $10.26 per share.
  • Investment income was $66.1 million versus $63.5 million a year earlier, and net assets were $1,017.6 million.

PennantPark Floating Rate Capital's (NYSE:PFLT) $0.0833 monthly distribution yields 17.10% and sits beside fiscal third-quarter net investment income of $0.26 per share. The company declared it on October 2, 2026, comprising an $0.08 base dividend and a $0.0033 supplemental dividend.

Dividend Program and Shareholder Returns

PennantPark declared its monthly distribution for October 2026 of $0.0833 per share on October 2, 2026, comprising an $0.08 base dividend and a $0.0033 supplemental dividend. It is payable November 2 to stockholders of record as of October 15.

The company's August 10 release states that it will maintain a base dividend of $0.08 per share and a supplemental dividend of $0.0033 per share for October, November and December. For the quarter ended June 30, 2026 it declared distributions of $0.2850 per share base and $0.0033 per share supplemental, a total of $0.2883, and $0.9033 per share for the nine months.

About the Company

PennantPark Floating Rate Capital is a business development company that primarily invests in U.S. middle-market companies through floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt. It is managed by PennantPark Investment Advisers, LLC, headquartered in Miami.

Financial Performance Behind the Payout

For the fiscal third quarter ended June 30, 2026, investment income was $66.1 million versus $63.5 million a year earlier, and $202.1 million for nine months versus $192.4 million. Net investment income was $25.9 million, or $0.26 per share, versus $24.6 million, or $0.25. Core net investment income was $0.26 per share, with no one-time events. Nine-month net investment income was $78.3 million, or $0.79 per share, versus $79.6 million, or $0.88.

Net asset value per share was $10.26, a quarterly change of negative 2.0%, versus $10.83 at September 30, 2025, and net assets were $1,017.6 million. The net increase in net assets from operations was $7.6 million, or $0.08 per share.

Realized Gains, Valuation Change and the Joint Ventures

Net realized gains were $37.3 million for the quarter, and the chief executive officer cited a meaningful realization from an equity co-investment in a leading defense technology company. Net unrealized depreciation was $122.8 million at June 30, 2026 versus $46.1 million at September 30, 2025.

The portfolio totaled $2,504.7 million across 159 companies at a weighted average yield on debt investments of 9.8%, with four portfolio companies on non-accrual, representing 1.0% of cost and 0.4% of fair value. PSSL, the company's joint venture, had a portfolio of $1,139.9 million across 120 companies, and PSSL II had $320.1 million across 52 companies. In June 2026 the company issued $105.0 million of 2031 Notes at an effective interest rate of 7.375%.

Outlook

PennantPark's stated distribution plan for October, November and December is an $0.08 base dividend and a $0.0033 supplemental dividend per share. The company reports debt to equity of 1.56x and $449.7 million of unused borrowing capacity under its credit facility at June 30, 2026.