|Bid||9.65 x 200000|
|Ask||10.03 x 200000|
|Day's Range||9.62 - 9.62|
|52 Week Range||9.10 - 13.41|
|Beta (5Y Monthly)||1.63|
|PE Ratio (TTM)||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.