Palmer Square Capital BDC Inc. (PSBD) To Go Ex-Dividend on December 28th

Palmer Square Capital BDC Inc. (NYSE:PSBD) declared a quarterly dividend on Wednesday, November 4th. Investors of record on Monday, December 28th will be paid a dividend of $0.36 per share on Wednesday, January 13th. This represents a $1.44 annualized dividend and a yield of 14.6%. The ex-dividend date is Monday, December 28th.

Palmer Square Capital BDC Trading Down 1.2%

Shares of PSBD opened at $9.87 on Friday. The stock’s 50-day moving average price is $9.99 and its two-hundred day moving average price is $10.49. Palmer Square Capital BDC has a 12 month low of $9.34 and a 12 month high of $12.61. The company has a market capitalization of $302.55 million, a PE ratio of 6.53 and a beta of 0.85.

Palmer Square Capital BDC (NYSE:PSBD) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.06. The company had revenue of $26.57 million during the quarter, compared to analysts’ expectations of $26.69 million. Palmer Square Capital BDC had a positive return on equity of 11.16% and a negative net margin of 18.27%. Equities research analysts predict that Palmer Square Capital BDC will post 1.50 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. UBS Group cut their price objective on Palmer Square Capital BDC from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 1st. Zacks Research raised shares of Palmer Square Capital BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Wall Street Zen upgraded shares of Palmer Square Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Five analysts have rated the stock with a Hold rating. According to MarketBeat, Palmer Square Capital BDC has a consensus rating of “Hold” and a consensus target price of $10.50.

About Palmer Square Capital BDC

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.