Pearl Diver Credit Company Inc. Plans Monthly Dividend of $0.22 (NYSE:PDCC)

Key Points

• Pearl Diver Credit Company Inc. has declared a monthly dividend of $0.22 per share, with the dividend payable on September 30th to shareholders recorded by September 16th.
• The company reported earnings of $0.46 per share for the last quarter, which fell short of analysts' expectations of $0.56, and revenue was also below consensus estimates.
• PDCC stock opened at $17.53, showing a slight decline of 0.1%, with a 1-year trading range between $15.44 and $21.30.

Pearl Diver Credit Company Inc. (NYSE:PDCC - Get Free Report) declared a monthly dividend on Tuesday, August 5th. Stockholders of record on Tuesday, September 16th will be paid a dividend of 0.22 per share on Tuesday, September 30th. This represents a c) annualized dividend and a dividend yield of 15.4%. The ex-dividend date of this dividend is Tuesday, September 16th.

Pearl Diver Credit Price Performance

Shares of PDCC traded up $0.10 during trading hours on Friday, hitting $17.10. The company had a trading volume of 1,007 shares, compared to its average volume of 3,560. The firm has a fifty day moving average price of $17.02 and a 200-day moving average price of $17.84. Pearl Diver Credit has a 52-week low of $15.44 and a 52-week high of $21.30.

Pearl Diver Credit (NYSE:PDCC - Get Free Report) last announced its quarterly earnings results on Tuesday, August 26th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.10). The firm had revenue of $5.51 million during the quarter, compared to analysts' expectations of $5.94 million.

Pearl Diver Credit Company Profile

Pearl Diver Credit Company Inc is a newly organized, externally managed, non-diversified, closed-end management investment company. Its primary investment objective is to maximize its portfolio's total return, with a secondary objective of generating high current income. Pearl Diver Credit Company Inc is based in NEW YORK.