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Is This High-Yield Dividend Stock a Monster Buying Opportunity for 2025 After Posting Bad News?
PFLTPennantPark Floating Rate Capital .(PFLT) The Motley Fool·2024-12-13 18:30

As high-yield dividend stocks go, you can't get much higher than PennantPark Floating Rate Capital's (PFLT 0.36%) more than 11%. That hasn't made this business development company (BDC) a hit lately, though; its stock has fallen since Nov. 25 while the S&P 500 index inched into positive territory. Let's look at why the stock has gone nowhere, and evaluate whether this presents a good buying opportunity for investors. A prime lenderThe news that drove down PennantPark's share price hit the headlines toward t ...