On May 1, 2019, I bought 84 shares of PennantPark Investment Corp. (PNNT ) at $7.14 per share.
With its quarterly dividend payout of 0.18 dollars per share (before tax), this latest buy has a dividend yield of 10.08% and will pay us an additional $15.12 every quarter. Awesome!
PNNT is paying the dividend in the following months: January, April, July, and October
This is already the second time I'm buying PNNT, I first bought 71 shares of PNNT back on September 7, 2018. Back then in September, I paid $7.74 for a share
By now PNNT takes 14.12% from my US stock portfolio, and also is one of the biggest dividend payers in the portfolio by now.
For the rest of the year, I'm looking to take $25.7 (after tax) from this buy, which is about 1.2% from my $2,045 goal for 2019.
In total PNNT now contributes about $95.86 yearly to a dividend income portfolio.
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.