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

by · The Markets Daily

Palmer Square Capital BDC Inc. (NYSE:PSBD – Get Free Report) declared a quarterly dividend on Wednesday, November 4th. Investors of record on Monday, December 28th will be given a dividend of $0.36 per share on Wednesday, January 13th. This represents a $1.44 annualized dividend and a yield of 14.4%. The ex-dividend date of this dividend is Monday, December 28th.

Palmer Square Capital BDC Price Performance

Palmer Square Capital BDC stock traded up $0.07 during midday trading on Wednesday, hitting $9.97. 375,356 shares of the company were exchanged, compared to its average volume of 113,735. The company has a market cap of $305.67 million, a PE ratio of -10.07 and a beta of 0.85. Palmer Square Capital BDC has a fifty-two week low of $9.34 and a fifty-two week high of $12.61. The company’s fifty day moving average price is $10.00 and its 200-day moving average price is $10.51.

Palmer Square Capital BDC (NYSE:PSBD – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.16). The firm had revenue of $27.30 million during the quarter, compared to analyst estimates of $25.97 million. Palmer Square Capital BDC had a negative net margin of 26.73% and a positive return on equity of 11.22%. On average, analysts expect that Palmer Square Capital BDC will post 1.50 EPS for the current fiscal year.

Palmer Square Capital BDC Company Profile

(Get Free Report)

Palmer Square Capital BDC, Inc is an externally managed business development company that seeks to provide financing to private middle-market companies. The company focuses primarily on privately originated and negotiated investments in senior secured loans and other debt instruments, with the goal of supporting businesses while generating current income for shareholders.

Palmer Square Capital BDC may invest across a range of industries and capital structures, including first-lien and unitranche loans, second-lien and subordinated debt, and select equity investments.

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