5 BDC Dividend Stocks for Increased Income

3. PennantPark Investment Corporation (NASDAQ: PNNT)

Number of Hedge Fund Holders: 7
Dividend Yield: 7.3%

PennantPark Investment Corporation (NASDAQ: PNNT) works with direct and mezzanine investments in middle market companies, and ranks 3rd on our list of BDC dividend stocks for increased income. The company is based in New York.

As of this July, Oppenheimer holds a Perform rating on shares of PennantPark Investment Corporation (NASDAQ: PNNT), alongside a $7.50 price target.

In the fiscal third quarter of 2021, PennantPark Investment Corporation (NASDAQ: PNNT) had an NII of $0.48, beating estimates by $0.33. The company’s TII was $20.49 million, also beating estimates by $0.33 million. PennantPark Investment Corporation (NASDAQ: PNNT) has gained 13.49% in the past 6 months and 46.10% year to date.

By the end of the second quarter of 2021, 7 hedge funds out of the 873 tracked by Insider Monkey held stakes in PennantPark Investment Corporation (NASDAQ: PNNT) worth roughly $25 million. This is compared to 8 hedge funds in the previous quarter with a total stake value of approximately $22 million.