Palmer Square Capital BDC Inc. (PSBD) to Issue Quarterly Dividend of $0.36 on January 14th

Palmer Square Capital BDC Inc. (NYSE:PSBD) declared a quarterly dividend on Tuesday, December 23rd. Investors of record on Monday, December 29th will be given a dividend of 0.36 per share on Wednesday, January 14th. This represents a c) annualized dividend and a yield of 11.7%. The ex-dividend date of this dividend is Monday, December 29th.

Palmer Square Capital BDC Trading Up 0.7%

PSBD stock opened at $12.26 on Friday. The stock has a 50-day moving average price of $12.20 and a 200-day moving average price of $13.16. Palmer Square Capital BDC has a 1-year low of $11.51 and a 1-year high of $16.16. The firm has a market cap of $385.94 million, a PE ratio of 28.51 and a beta of 0.70.

Palmer Square Capital BDC (NYSE:PSBD) last announced its earnings results on Wednesday, November 5th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.41 by $0.02. The company had revenue of $31.69 million for the quarter, compared to analyst estimates of $30.61 million. Palmer Square Capital BDC had a return on equity of 10.77% and a net margin of 10.85%. On average, analysts forecast that Palmer Square Capital BDC will post 1.96 earnings per share for the current year.

Palmer Square Capital BDC Company Profile

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.