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

Palmer Square Capital BDC Inc. (NYSE:PSBD) announced a quarterly dividend on Wednesday, August 5th. Shareholders 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 yield of 14.4%. The ex-dividend date of this dividend is Friday, September 25th.

Palmer Square Capital BDC Price Performance

PSBD stock traded up $0.07 during midday trading on Wednesday, hitting $9.98. The company’s stock had a trading volume of 126,942 shares, compared to its average volume of 113,289. The company’s fifty day moving average price is $10.37 and its 200 day moving average price is $10.72. Palmer Square Capital BDC has a twelve month low of $9.34 and a twelve month high of $14.43. The stock has a market capitalization of $310.48 million, a P/E ratio of -9.59 and a beta of 0.84.

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.