Previous Close | 9.90 |
Open | 9.62 |
Bid | 9.65 x 200000 |
Ask | 10.03 x 200000 |
Day's Range | 9.62 - 9.62 |
52 Week Range | 9.10 - 13.41 |
Volume | |
Avg. Volume | 75 |
Market Cap | 489.004M |
Beta (5Y Monthly) | 1.63 |
PE Ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 1.13 (11.43%) |
Ex-Dividend Date | Mar 15, 2023 |
1y Target Est | N/A |
PennantPark (PFLT) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Although there are a lot of ways to make money on Wall Street, buying dividend stocks is one of the smartest. Nine years ago, J.P. Morgan Asset Management, a division of money-center giant JPMorgan Chase, issued a report comparing the performance of publicly traded companies that paid dividends to those that didn't over a four-decade stretch (1972 to 2012). The income stocks averaged an annual return of 9.5% over four decades, while the non-dividend payers crawled to an average annual gain of just 1.6% over the same period.
These supercharged income stocks, with yields ranging from 7.1% to 8.3%, can put historically high inflation in its place.