Pearl Diver Credit Company Inc. (NYSE:PDCC) Declares Monthly Dividend of $0.22

Pearl Diver Credit Company Inc. (NYSE:PDCC) declared a monthly dividend on Tuesday, August 5th. Investors of record on Tuesday, September 16th will be paid a dividend of 0.22 per share on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 15.1%. The ex-dividend date is Tuesday, September 16th.

Pearl Diver Credit Price Performance

Shares of PDCC opened at $17.53 on Friday. The business’s 50-day moving average price is $17.08 and its 200 day moving average price is $17.91. Pearl Diver Credit has a 1-year low of $15.44 and a 1-year high of $21.30.

Pearl Diver Credit (NYSE:PDCC) last issued its quarterly earnings results on Tuesday, August 26th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.10). The company had revenue of $5.51 million during the quarter, compared to analysts’ expectations of $5.94 million.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PDCC shares. Industrial Alliance Securities set a $19.50 price target on Pearl Diver Credit in a research note on Tuesday, July 1st. Alliance Global Partners raised Pearl Diver Credit to a “strong-buy” rating in a research note on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Pearl Diver Credit has an average rating of “Strong Buy” and a consensus target price of $19.50.

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.