13 Highest Paying Monthly Dividend Stocks to Buy

Page 9 of 11

3. PennantPark Investment Corporation (NYSE:PNNT)

Dividend Yield as of December 18: 15.95%

PennantPark Investment Corporation (NYSE:PNNT) is among the best dividend stocks to invest in.

On December 15, PennantPark Investment Corporation (NYSE:PNNT) said it sold its equity stake in JF Intermediate, LLC for $67.5 million. The deal produced a realized gain of $63.1 million. That figure was close to the investment’s fair value as of September 30, 2025. At that time, JF made up 23% of the company’s equity investment portfolio, excluding its stake in PennantPark Senior Loan Fund.

The company also shared an update on its balance sheet. PennantPark increased the size of its multi-currency, senior secured credit facility from $500 million to $535 million. It pushed the maturity out to 2030 and improved pricing, cutting the spread to SOFR plus 210 basis points from SOFR plus 235.

Art Penn, Chairman and CEO of PNNT made the following statement:

“I’d like to thank the team at JF for our strong partnership over many years. The repurchase of PNNT’s shares positions JF for its next phase of growth, while fully realizing PNNT’s investment in JF. The transaction provides PNNT with $67.5 million of liquidity, which is an attractive outcome for shareholders and an important milestone in PNNT’s ongoing equity rotation strategy. We wish JF and its team continued growth and success in the future.”

The credit facility is secured by all company assets and includes standard covenants. These cover minimum asset coverage levels and equity requirements.

PennantPark Investment Corporation (NYSE:PNNT) operates as a business development company. It focuses on US middle-market businesses, investing across first-lien debt, second-lien debt, subordinated debt, and equity.

Page 9 of 11