PennantPark Floating Rate Capital: An 11.7% yield Unlike the telecom stocks on this list, PennantPark Floating Rate Capital (NYSE: PFLT) is a business development company (BDC). Investors have pushed their stock prices down because they aren't entirely convinced these businesses can continue growing earnings at a healthy pace. The good news is that new customers signing up for high-speed internet services could allow it to raise the payout faster than the pace of inflation.