Palmer Square Capital BDC Inc. (NYSE:PSBD) to Issue $0.42 Quarterly Dividend

Palmer Square Capital BDC Inc. (NYSE:PSBD) announced a quarterly dividend on Wednesday, August 7th, Zacks reports. Shareholders of record on Friday, September 27th will be paid a dividend of 0.42 per share on Monday, October 14th. This represents a $1.68 annualized dividend and a yield of 10.34%. The ex-dividend date of this dividend is Friday, September 27th.

Palmer Square Capital BDC Price Performance

Shares of PSBD stock traded down $0.04 on Friday, hitting $16.25. The stock had a trading volume of 1,143 shares, compared to its average volume of 54,805. Palmer Square Capital BDC has a twelve month low of $15.27 and a twelve month high of $17.12. The company has a fifty day moving average price of $16.42 and a two-hundred day moving average price of $16.39.

Palmer Square Capital BDC (NYSE:PSBD) last posted its earnings results on Tuesday, May 7th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $34.79 million during the quarter, compared to analysts’ expectations of $30.34 million. Palmer Square Capital BDC had a return on equity of 18.90% and a net margin of 84.94%. On average, equities research analysts forecast that Palmer Square Capital BDC will post 2.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott initiated coverage on Palmer Square Capital BDC in a research note on Monday, April 22nd. They set a “neutral” rating and a $17.50 target price for the company. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.93.

About Palmer Square Capital BDC

Palmer Square Capital BDC Inc is an externally managed, non-diversified closed-end management investment company which primarily lends to and invests in corporate debt securities, including small to large private U.S. companies and has elected to be regulated as a business development company. Palmer Square Capital BDC Inc is based in MISSION WOODS, Kan.