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

Palmer Square Capital BDC Inc. (NYSE:PSBD) declared a quarterly dividend on Wednesday, May 6th. Stockholders of record on Friday, June 26th will be paid a dividend of 0.36 per share on Monday, July 13th. This represents a c) dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date of this dividend is Friday, June 26th.

Palmer Square Capital BDC Trading Down 3.0%

Shares of PSBD opened at $10.82 on Thursday. The company’s 50 day simple moving average is $10.57 and its 200-day simple moving average is $11.49. The firm has a market cap of $337.62 million, a PE ratio of -98.37 and a beta of 0.87. Palmer Square Capital BDC has a 12-month low of $9.34 and a 12-month high of $14.98.

Palmer Square Capital BDC (NYSE:PSBD) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($1.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($1.59). Palmer Square Capital BDC had a positive return on equity of 10.82% and a negative net margin of 2.55%.The company had revenue of ($32.64) million for the quarter, compared to analyst estimates of $27.29 million. As a group, equities research analysts forecast that Palmer Square Capital BDC will post 1.56 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.