Palmer Square Capital BDC Inc. (NYSE:PSBD) Declares Quarterly Dividend of $0.36

Key Points

• Palmer Square Capital BDC Inc. declared a quarterly dividend of $0.36 per share, with the payment date set for October 14th for shareholders of record as of September 26th.
• The company's stock experienced a 1.9% decline during trading, reaching a price of $13.84, while having a market cap of $448.04 million.
• Palmer Square Capital BDC reported earnings per share (EPS) of $0.43 for the latest quarter, surpassing analyst estimates and achieving a revenue of $31.68 million.

Palmer Square Capital BDC Inc. (NYSE:PSBD - Get Free Report) announced a quarterly dividend on Thursday, August 7th, Wall Street Journal reports. Shareholders of record on Friday, September 26th will be given a dividend of 0.36 per share on Tuesday, October 14th. This represents a c) dividend on an annualized basis and a yield of 10.4%. The ex-dividend date is Friday, September 26th.

Palmer Square Capital BDC Stock Down 1.9%

Shares of PSBD traded down $0.27 during mid-day trading on Thursday, reaching $13.84. 19,583 shares of the company's stock were exchanged, compared to its average volume of 37,448. Palmer Square Capital BDC has a 52-week low of $11.51 and a 52-week high of $16.84. The company has a 50-day simple moving average of $14.05 and a two-hundred day simple moving average of $14.20. The company has a market cap of $448.04 million, a price-to-earnings ratio of 27.68 and a beta of 0.82.

Palmer Square Capital BDC (NYSE:PSBD - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.02. Palmer Square Capital BDC had a net margin of 11.72% and a return on equity of 11.04%. The firm had revenue of $31.68 million during the quarter, compared to the consensus estimate of $30.29 million. As a group, equities research analysts predict that Palmer Square Capital BDC will post 1.96 EPS for the current fiscal year.

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.

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