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

Palmer Square Capital BDC Inc. (NYSE:PSBD - Get Free Report) declared a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.42 per share on Tuesday, July 16th. This represents a $1.68 annualized dividend and a yield of 10.05%. The ex-dividend date of this dividend is Friday, June 28th.

Palmer Square Capital BDC Price Performance

NYSE:PSBD traded up $0.17 during trading hours on Wednesday, hitting $16.72. The stock had a trading volume of 11,949 shares, compared to its average volume of 78,601. The business's 50 day moving average price is $16.36. Palmer Square Capital BDC has a one year low of $15.27 and a one year high of $17.12.

Palmer Square Capital BDC (NYSE:PSBD - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.03. The firm had revenue of $29.82 million for the quarter, compared to analysts' expectations of $29.78 million. Palmer Square Capital BDC had a net margin of 96.09% and a return on equity of 23.31%. Equities research analysts expect that Palmer Square Capital BDC will post 1.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PSBD shares. UBS Group started coverage on shares of Palmer Square Capital BDC in a research report on Monday, February 12th. They set a "neutral" rating and a $16.50 price objective on the stock. Oppenheimer started coverage on shares of Palmer Square Capital BDC in a research report on Monday, February 12th. They set an "outperform" rating and a $17.00 price objective on the stock. Janney Montgomery Scott assumed coverage on shares of Palmer Square Capital BDC in a research report on Monday, April 22nd. They set a "neutral" rating and a $17.50 price objective on the stock. Citigroup assumed coverage on shares of Palmer Square Capital BDC in a research report on Monday, February 12th. They issued a "buy" rating and a $17.00 target price on the stock. Finally, Royal Bank of Canada assumed coverage on shares of Palmer Square Capital BDC in a research report on Monday, February 12th. They issued an "outperform" rating and a $17.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $16.93.

Palmer Square Capital BDC Company Profile

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.