- PennantPark Investment Corp (PNNT, Financial) sustains its dividend payout, offering an attractive yield of 15.48%.
- Analysts predict a potential stock price increase of 10.89% over the next year.
- Current investor sentiment suggests a "Hold" recommendation for PNNT shares.
PennantPark Investment Corp (PNNT) continues to attract investor attention with its recent announcement. The company has declared a maintained monthly dividend of $0.08 per share, translating into a robust forward yield of 15.48%. This dividend will be distributed on May 1 to shareholders on record as of April 15, with the ex-dividend date set for the same day.
Wall Street Analysts Forecast
According to projections from four analysts covering PennantPark Investment Corp (PNNT, Financial), the stock's one-year price target averages at $6.88. Expectations range from a high of $8.00 to a low of $6.00, suggesting an anticipated upside of 10.89% from its current trading price of $6.20. Investors can explore more detailed data on these forecasts by visiting the Pennant Park Investment Corp (PNNT) Forecast page.
Investor Sentiment and Recommendations
In terms of consensus ratings, analysis from eight brokerage firms results in an average recommendation score of 2.9 for PennantPark Investment Corp (PNNT, Financial), categorizing it under a "Hold" status. This rating scale, spanning from 1 to 5, with 1 as Strong Buy and 5 as Sell, aids investors in gauging market sentiment and making informed decisions.
With its consistent dividend payouts and moderate analyst ratings, PennantPark Investment Corp remains a stock worth monitoring for those seeking stable income and potential appreciation in share value.
