- Pays: monthly — currently $0.0833 per share, structured as an $0.08 base plus a $0.0033 supplemental.
- Paying since: 2011, monthly throughout.
- The 2026 change: the flat $0.1025 monthly dividend was restructured starting with the June 2026 payment into $0.08 base + $0.0033 supplemental — about 19% less in total. The company has said it will maintain that structure through December 2026.
- What it is: an externally managed BDC holding mainly first-lien, floating-rate senior secured loans to U.S. middle-market companies, plus a joint-venture loan book.
- Why floating rate matters: PFLT's loan income moves with short-term rates — it rose as the Fed hiked and has compressed as base rates and spreads came down.
- Coverage (quarter ended June 30, 2026): NII $0.26 per share vs $0.2883 in dividends (base plus supplemental) — about 90% covered, 91% against the base alone. Non-accruals 0.4% at fair value (1.0% at cost, four companies); debt-to-equity 1.56x; NAV $10.26 (down 2% on the quarter).
The 'supplemental' slice is small and discretionary by design — the base is the number to plan around. NAV per share was $10.26 at June 30, 2026, down 2% on the quarter.
PFLT pays monthly. Each point below is one dividend since 2011 — a long flat stretch, then the 2026 step down.
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Each point is one payment; the line ends at the most recent payout. The table below totals them by year.
- Trailing 12 months: $1.18 per share across 12 payments — down 5% from $1.24 in the 12 months before. What a change like that does to your income →
- Current pace: recent payments annualize to $1.24 — 5% above the trailing figure. When those two disagree, the trailing yield is quoting the past. Live cut & raise board →
- Share price, same 12 months: down 28% (dividends excluded) — income and principal are one story. Erosion Index →
- Record: 187 payments over 15 years; the largest single payment was $0.103 (Jun 2023).
- Payment drops ≥20% below trend, last 24 months: none. Get one short email if that changes →
- Payment steadiness: the last 12 checks wobble ±5% around their median. Compare that against any fund →
Every figure above is computed from PFLT's actual payment record and share-price history as of the date shown — not copied from a fact sheet. Recomputed regularly; the chart above always shows the live data.
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| Recent Ex-Dividend Dates | Dividend / Share |
|---|
"Next expected" is estimated from PFLT's recent payment rhythm — the fund announces exact dates shortly before each payout, and the data feed can lag a few days. You must own shares before the ex-dividend date to receive that payout; the cash typically arrives days later. See every fund's upcoming date on the live dividend calendar.
A real total-return estimate, assuming every payout was reinvested — including what happened to the share price. Before taxes and fees. Past performance does not predict the future.
PFLT's whole design is floating-rate lending: when the Federal Reserve raised rates in 2022-23, the interest on its loans reset higher and the dividend looked bulletproof. The same linkage runs in reverse — lower base rates and tighter loan spreads mean less income per dollar lent, and in June 2026 the dividend was restructured lower to match. The chart records both halves of the cycle.
Four BDCs reduced payouts in the first half of 2026 (PSEC, OBDC, HRZN, and PFLT) while HTGC and CSWC held theirs — the compare tool shows the divergence in one view.
| Year | Total Dividends / Share | Payments | Change vs Prior Year |
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Data source: Yahoo Finance. Figures are per share; the current year may be partial and figures should be verified against official sources.
Calculated from complete calendar years in the data above. Past results don't guarantee future payments.
When Is PFLT's Next Ex-Dividend Date?
PFLT pays monthly. The exact date of each payout is announced by the fund only shortly beforehand, so no site can promise the next date — but the live schedule box above shows the most recent ex-dividend date and the expected window for the next one, computed from PFLT's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
Fifteen Years, One Reset
PennantPark Floating Rate Capital has paid monthly since 2011, and for a long stretch the amount was a metronomic $0.1025. The June 2026 restructuring to an $0.08 base plus a small supplemental is the first meaningful step down in the record — visible on the chart as a single clean stair.
The Rate Cycle, Paid Out Monthly
Floating-rate BDCs are the purest expression of "income follows interest rates." The 2022-23 hiking cycle fattened PFLT's loan yields; the subsequent easing and a crowded private-credit market compressed them. Management's framing — a sustainable base plus a supplemental that flexes with earnings — is the industry's standard answer to that volatility. The base is what a planner should count on.
Where PFLT Fits
As a monthly-paying, first-lien-heavy BDC with a transparent rate sensitivity — steadier than PSEC's record, less insulated than internally managed peers. Model the 2026 reset against your own holdings with the impact calculator; next expected date on the live calendar.
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