On September 7, 2018, I bought 71 shares of PennantPark Investment Corp. (PNNT ) at $7.74 per share. With its quarterly dividend payout of 0.18 dollars per share, this latest buy has a dividend yield of 9.3% and will pay us $12.96 every quarter. Awesome!
PNNT has been on my stock watch list since the beginning of this Summer, first discovered on dividendquest.com.
There are two simple reasons I like this stock - it has a nice yield of 9.3% it has dividend payments in January, April, July, and October. For the rest of the year, I'm looking to get a dividend income of $12.96 from this stock, which is about 1.08% from my $1,200 goal for 2018.
2017 in Review and Financial Goals for 2018
About PennantPark Investment Corporation
PennantPark Investment Corporation [NASDAQ: PNNT] offers investors specialized exposure to various forms of debt and non-controlling equity financings across the capital structure. PNNT invests in middle market companies located primarily in the U.S., with a proven management team, competitive market positions, strong cash flow, growth potential, and viable exit strategies.
PNNT’s disciplined approach ensures that investments have an attractive return profile in relation to risk.
This latest stock buy will boost a little bit my overall projected income from US stocks to $40.16/mo. Which is nice. I hope to get projected income from US stocks above $50/mo until the end of the year.
