Palmer Square Capital BDC Inc. (PSBD) To Go Ex-Dividend on September 27th

Posted by Financial News Live on Aug 9th, 2024

Palmer Square Capital BDC Inc. (NYSE:PSBD – Get Free Report) declared a quarterly dividend on Wednesday, August 7th, Zacks reports. Shareholders of record on Friday, September 27th will be given a dividend of 0.42 per share on Monday, October 14th. This represents a $1.68 annualized dividend and a yield of 10.33%. The ex-dividend date is Friday, September 27th.

Palmer Square Capital BDC Price Performance

PSBD traded down $0.03 during midday trading on Friday, reaching $16.26. 1,437 shares of the company were exchanged, compared to its average volume of 54,805. Palmer Square Capital BDC has a one year low of $15.27 and a one year high of $17.12. The stock’s 50-day simple moving average is $16.42 and its 200 day simple moving average is $16.39.

Palmer Square Capital BDC (NYSE:PSBD – Get Free Report) last issued its earnings results on Tuesday, May 7th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. Palmer Square Capital BDC had a return on equity of 18.90% and a net margin of 84.94%. The company had revenue of $34.79 million during the quarter, compared to the consensus estimate of $30.34 million. On average, equities analysts predict that Palmer Square Capital BDC will post 2.01 earnings per share for the current year.

Analyst Ratings Changes

Separately, Janney Montgomery Scott started coverage on Palmer Square Capital BDC in a report on Monday, April 22nd. They issued a “neutral” rating and a $17.50 price objective for the company. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.93.

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Palmer Square Capital BDC Company Profile

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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.