2 BDCs That Recently Hiked Dividends But Should Not Do That Again [Seeking Alpha]
PennantPark Investment Corporation (PNNT)
Last pennantpark investment corporation earnings: 2/6 04:05 pm
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US:NASDAQ Investor Relations:
pennantparkinvestment.mwnewsroom.com
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Source: Seeking Alpha
Summary The short- to medium-term outlook for BDCs is challenging due to low M&A activity, high corporate distress, and yield compression from decreasing interest rates. To avoid income reduction risk, investors should focus on very high-quality BDCs. In this respect, one might think that those BDCs that have recently hiked their dividends are the ones with more sustainable cash distribution profiles. In the article, I provide two concrete examples, where this is clearly not the case. AntonioSolano/iStock via Getty Images While the long-term prospects for private credit players (e.g., BDCs) remain solid as driven by structural weakness in banking and increased preference for more flexible financing, the short to medium-term outlook is not that rosy. Many of my followers have probably heard this from me multiple times, but it is still very important to emphasize these headwinds since in most cases they are about to bring tangible consequences for BDCs that will be seen a
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PNNT
News
- PennantPark Investment Corporation Announces Monthly Distribution of $0.08 per ShareGlobeNewswire
- PennantPark Investment Co. (NASDAQ: PNNT) was downgraded by analysts at LADENBURG THALM/SH SH from a "buy" rating to a "neutral" rating.MarketBeat
- PennantPark Investment Corporation Announces Financial Results for the Fourth Quarter and Fiscal Year Ended September 30, 2024 and Upsize of Joint Venture (Amended)GlobeNewswire
- Compared to Estimates, PennantPark (PNNT) Q4 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
- PennantPark Investment Corporation Announces Financial Results for the Fourth Quarter and Fiscal Year Ended September 30, 2024 and Upsize of Joint Venture [Yahoo! Finance]Yahoo! Finance
PNNT
Earnings
- 11/25/24 - In-Line
PNNT
Analyst Actions
- 11/27/24 - Ladenburg Thalmann
PNNT
Sec Filings
- 12/11/24 - Form DEF
- 12/3/24 - Form 8-K
- 12/3/24 - Form 4
- PNNT's page on the SEC website