Stock · Financial Services
PFLT PennantPark Floating Rate Capital Ltd.
PennantPark Floating Rate Capital Ltd. carries multiple risk signals — review carefully before relying on the dividend.
Why we rate it 1.9
- Very high yield of 16.36% — often signals stress or a structural pay-out (covered call ETFs, mREITs, etc.)
- Payout ratio of 195% — dividend exceeds reported earnings, sustainability questionable without growth
- Current yield is much higher than the 5-year average of 10.92% — usually means price has fallen sharply
- Small-cap scale — dividend stability less assured during downturns
Where PFLT ranks
We compute the same 0–10 safety score across 53 dividend-paying stocks and ETFs. Here's where PFLT lands inside that universe.
The universe is curated to the most-searched US dividend payers. We'll expand it as the data layer grows; sector percentiles only appear when we have at least 5 comparable peers.
The two questions a safety score doesn't answer
A safety score tells you how durable PFLT's payout looks. It does not tell you what you keep after tax, or whether something else does the same job better.
On tax: what you actually pocket depends on whether PFLT dividends are qualified — qualified distributions are taxed at 0%, 15%, or 20%, while ordinary ones are taxed at your full marginal rate, a gap that can reach 22 percentage points of the income on the same headline yield.
On substitutes: if PFLT's 1.9/10 score is lower than you want, see PFLT alternatives — same-sector stocks ranked by how closely they match PFLT on both yield and safety, so you can see what a swap actually costs you.
About PennantPark Floating Rate Capital Ltd.
PennantPark Floating Rate Capital Ltd. is a Private Debt, business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. It primarily invests in the United States and to a limited extent non-U.S. companies. The fund typically invests between $2 million and $20 million. The fund also invests in equity securities, such as preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments. It primarily invests between $10 million and $50 million in investments in senior secured loans and mezzanine debt. It seeks to invest in companies not rated by national rating agencies. The companies if rated would be between BB and CCC under the Standard & Poor's system. The fund invests 30% is invested in non-qualifying assets like investments in public companies whose securities are not thinly traded or do not have a market capitalization of less than $250 million, securities of middle-market companies located outside of the United States, high-yield bonds, distressed debt, private equity, securities of public companies that are not thinly traded, and investment companies as defined in the 1940 Act. Under normal conditions, the fund expects atleast 80 percent of its net assets plus any borrowings for investment purposes to be invested in Floating Rate Loans and investments with similar economic characteristics, including cash equivalents invested in money market funds. It expects to represent 65 percent of its portfolio through senior secured loans. In case of floating rate loans, it holds investments for a period of three to ten years.
How we score dividend safety
The Infnits dividend safety score is a 0–10 rating derived from yield zone, payout ratio (when applicable), yield trend versus 5-year average, instrument type, and company size. Each factor is independently transparent — see the reasons above for exactly which factors contributed to PFLT's score.
For the full methodology including the in-app version that uses ETF look-through and historical cut data, see our methodology page.
This is educational, not investment advice. Dividend safety scores reflect a snapshot of public data on the "as of" date shown. Verify current data on the issuer's investor relations page or your brokerage before making decisions.
Frequently asked questions
Is PFLT safe?
On dividend safety specifically, Infnits scores PFLT 1.9/10 — risky. PennantPark Floating Rate Capital Ltd. carries multiple risk signals — review carefully before relying on the dividend. That score measures how durable the payout looks based on yield zone, payout ratio, yield trend, and instrument type; it does not measure price risk, valuation, or whether PFLT suits your portfolio.
Is PFLT's dividend safe?
Based on snapshot data — yield 16.36%, payout ratio 195%, instrument type stock — Infnits rates PFLT's dividend safety profile as risky (1.9/10). This is one signal, not a recommendation.
What is PFLT's current dividend yield?
PFLT has a current dividend yield of 16.36% as of June 29, 2026. Its 5-year average yield is 10.92%.
How is PFLT's safety score calculated?
The score combines yield zone (yields above 7% historically carry elevated cut risk), payout ratio (lower is safer), trend vs. 5-year average yield, instrument type (ETFs are inherently more diversified), and size (larger companies have more stable cash flows). Each factor is scored 0-2.5 and summed to a 0-10 result.
Where does this data come from?
Fundamentals are sourced from public market data and refreshed regularly. The "as of" date on each page reflects the snapshot used for the score. For real-time data, check the issuer's investor relations page or your brokerage.
Should I buy PFLT based on this score?
No — this is an educational score based on a handful of public signals, not investment advice. Use it as one input among many. For a portfolio-aware analysis with ETF look-through and personalized insights, install the Infnits app.
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