Palmer Square Capital BDC Inc. (PSBD) to Distribute Quarterly Dividend of $0.36 on October 13th

Palmer Square Capital BDC Inc. (NYSE:PSBD) announced a quarterly dividend on Monday, August 3rd. Investors of record on Friday, September 25th will be paid a dividend of 0.36 per share on Tuesday, October 13th. This represents a c) annualized dividend and a dividend yield of 13.8%. The ex-dividend date of this dividend is Friday, September 25th.

Palmer Square Capital BDC Stock Up 0.6%

Shares of NYSE:PSBD opened at $10.45 on Wednesday. The firm has a market cap of $320.14 million, a P/E ratio of -10.55 and a beta of 0.87. The business has a fifty day simple moving average of $10.15 and a 200 day simple moving average of $10.44. Palmer Square Capital BDC has a 12-month low of $9.34 and a 12-month high of $13.93.

Palmer Square Capital BDC (NYSE:PSBD) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.16). The company had revenue of $27.30 million during the quarter, compared to analyst estimates of $25.97 million. Palmer Square Capital BDC had a positive return on equity of 11.22% and a negative net margin of 26.73%. As a group, equities research analysts expect that Palmer Square Capital BDC will post 1.5 EPS for the current year.

Palmer Square Capital BDC Company Profile

Palmer Square Capital BDC, Inc is a business development company that invests in privately held middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation through investments in corporate debt and related securities.

Its portfolio is primarily focused on senior secured loans, including first-lien and unitranche loans, issued by companies operating across a range of industries. Palmer Square Capital BDC may also invest in subordinated debt, unsecured debt, warrants and equity securities when appropriate.