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.
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.