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PNNT Update: Strong Buy (Adjusted Limit Order)

PNNT Update: Strong Buy (Adjusted Limit Order)

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BDC Buzz
Feb 10, 2022
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PNNT Update: Strong Buy (Adjusted Limit Order)
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PNNT Update:

  • PNNT increased its regular quarterly dividend from $0.12 per share to $0.14 per share for Q1 2022 as predicted in the previous best-case projections.

  • PNNT easily beat its best-case projections mostly due to higher-than-expected ‘Other Income’ as well as higher portfolio growth covering the dividend by 158%.

  • NAV per share increased another 2.6%…

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