PennantPark Floating Rate Capital: 12.02% yield A second ultra-high-yield stock that can be counted on to help investors rack up $500 in quarterly dividend income from a starting investment of $17,500 is little-known business development company (BDC) PennantPark Floating Rate Capital (NYSE: PFLT). Verizon invested heavily in the 5G mid-band spectrum, with the expectation that at-home and business-focused broadband services would improve its cash flow and encourage high-margin bundling. Every time the Federal Reserve hikes interest rates in response to historically high inflation, PennantPark benefits in the form of higher yields on its debt investments.