Shares of Pearl Diver Credit Company Inc. (NYSE:PDCC – Get Free Report) traded down 1.5% during mid-day trading on Wednesday. The stock traded as low as $8.10 and last traded at $8.0760. 2,235 shares traded hands during trading, a decline of 15% from the average session volume of 2,637 shares. The stock had previously closed at $8.20.
Wall Street Analysts Forecast Growth
Separately, Alliance Global Partners restated a “buy” rating on shares of Pearl Diver Credit in a research report on Tuesday, September 8th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat.com, Pearl Diver Credit currently has an average rating of “Buy”.
Read Our Latest Analysis on PDCC
Pearl Diver Credit Stock Down 2.7%
Pearl Diver Credit (NYSE:PDCC – Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.11). The business had revenue of $4.16 million during the quarter, compared to analysts’ expectations of $4.91 million.
Pearl Diver Credit Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be issued a $0.13 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 19.8%. The ex-dividend date is Monday, November 16th. Pearl Diver Credit’s dividend payout ratio is currently -34.67%.
Pearl Diver Credit Company Profile
Pearl Diver Credit Company Inc is a newly organized, externally managed, non-diversified, closed-end management investment company. Its primary investment objective is to maximize its portfolio’s total return, with a secondary objective of generating high current income. Pearl Diver Credit Company Inc is based in NEW YORK.
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