Palmer Square Capital BDC Inc. (NYSE:PSBD) Announces $0.36 Quarterly Dividend

Palmer Square Capital BDC Inc. (NYSE:PSBD) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Friday, September 25th will be given a dividend of 0.36 per share on Tuesday, October 13th. This represents a c) dividend on an annualized basis and a yield of 14.4%. The ex-dividend date of this dividend is Friday, September 25th.

Palmer Square Capital BDC Stock Performance

Shares of Palmer Square Capital BDC stock opened at $9.98 on Thursday. The firm has a market capitalization of $310.49 million, a price-to-earnings ratio of -9.59 and a beta of 0.84. Palmer Square Capital BDC has a fifty-two week low of $9.34 and a fifty-two week high of $14.43. The stock has a 50 day moving average of $10.35 and a 200 day moving average of $10.70.

Palmer Square Capital BDC (NYSE:PSBD) last posted its earnings results on Wednesday, August 5th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Palmer Square Capital BDC had a negative net margin of 26.82% and a positive return on equity of 11.01%. The business had revenue of $13.06 million during the quarter, compared to analysts’ expectations of $25.97 million. Analysts forecast that Palmer Square Capital BDC will post 1.41 EPS for the current year.

About Palmer Square Capital BDC

Palmer Square Capital BDC Inc (NYSE: PSBD) is a closed-end, externally managed business development company that provides customized financing solutions to middle-market companies in the United States. The firm offers a broad range of debt and equity products—including first-lien and second-lien senior secured loans, unitranche financings, mezzanine debt and equity co-investments—to support corporate acquisitions, refinancings, growth initiatives and balance sheet restructurings.

PSBD primarily targets established privately owned and sponsored businesses across diverse industries such as healthcare, business services, industrials and consumer products.