Palmer Square Capital BDC Inc. (NYSE:PSBD – Get Free Report) 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 14.4%. The ex-dividend date is Monday, December 28th.
Palmer Square Capital BDC Price Performance
Palmer Square Capital BDC stock traded up $0.07 during trading hours on Wednesday, hitting $9.97. The stock had a trading volume of 375,356 shares, compared to its average volume of 113,735. The stock has a market capitalization of $305.67 million, a price-to-earnings ratio of -10.07 and a beta of 0.85. Palmer Square Capital BDC has a 1-year low of $9.34 and a 1-year high of $12.61. The stock’s fifty day moving average is $10.00 and its two-hundred day moving average is $10.51.
Palmer Square Capital BDC (NYSE:PSBD – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.16). The firm had revenue of $27.30 million during the quarter, compared to analysts’ expectations of $25.97 million. Palmer Square Capital BDC had a negative net margin of 26.73% and a positive return on equity of 11.22%. As a group, sell-side analysts anticipate that Palmer Square Capital BDC will post 1.50 EPS for the current year.
Palmer Square Capital BDC Company Profile
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.
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