Pennantpark Investment ( (PNNT) ) has issued an announcement.
PennantPark Investment Corporation announced a monthly distribution of $0.08 per share for January 2025, payable to stockholders on February 3, 2025. This distribution is expected to be derived from taxable net investment income and will be detailed in the company’s year-end tax documentation. This announcement reflects the company’s ongoing strategy to provide consistent returns to its investors, thereby reinforcing its position in the middle-market investment sector.
More about Pennantpark Investment
PennantPark Investment Corporation is a business development company that primarily invests in U.S. middle-market private companies through first lien secured debt, second lien secured debt, subordinated debt, and equity investments. The company is managed by PennantPark Investment Advisers, LLC, a leading middle-market credit platform managing $8.9 billion of investable capital. Since its inception in 2007, it has provided creative and flexible financing solutions to middle-market borrowers.
YTD Price Performance: 0.0%
Average Trading Volume: 482,742
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $462.9M
For detailed information about PNNT stock, go to TipRanks’ Stock Analysis page.