Palmer Square Capital BDC Inc. (PSBD) To Go Ex-Dividend on March 27th

Palmer Square Capital BDC Inc. (NYSE:PSBD) announced a quarterly dividend on Thursday, March 19th. Shareholders of record on Friday, March 27th will be paid a dividend of 0.36 per share on Thursday, April 9th. This represents a c) annualized dividend and a yield of 13.7%. The ex-dividend date of this dividend is Friday, March 27th.

Palmer Square Capital BDC Price Performance

PSBD stock opened at $10.53 on Wednesday. The firm has a 50 day simple moving average of $11.23 and a two-hundred day simple moving average of $11.99. The stock has a market cap of $328.44 million, a PE ratio of -95.70 and a beta of 0.78. Palmer Square Capital BDC has a one year low of $10.10 and a one year high of $14.98.

Palmer Square Capital BDC (NYSE:PSBD) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). Palmer Square Capital BDC had a negative net margin of 2.55% and a positive return on equity of 10.82%. The company had revenue of ($0.31) million for the quarter, compared to analysts’ expectations of $30.11 million. On average, research analysts expect that Palmer Square Capital BDC will post 1.96 EPS for the current fiscal 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.