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

Palmer Square Capital BDC Inc. (NYSE:PSBD) declared a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 10.04%. The ex-dividend date is Friday, June 28th.

Palmer Square Capital BDC Trading Up 1.1 %

Palmer Square Capital BDC stock traded up $0.18 during mid-day trading on Wednesday, reaching $16.73. 9,276 shares of the company’s stock were exchanged, compared to its average volume of 78,559. The business has a fifty day simple moving average of $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) last issued its earnings results on Wednesday, February 28th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. Palmer Square Capital BDC had a net margin of 96.09% and a return on equity of 23.31%. The firm had revenue of $29.82 million during the quarter, compared to analyst estimates of $29.78 million. Analysts predict that Palmer Square Capital BDC will post 1.92 EPS for the current fiscal year.

Analyst Ratings Changes

PSBD has been the topic of a number of analyst reports. Janney Montgomery Scott assumed coverage on shares of Palmer Square Capital BDC in a research report on Monday, April 22nd. They issued a “neutral” rating and a $17.50 price objective on the stock. Bank of America initiated coverage on Palmer Square Capital BDC in a research report on Monday, February 12th. They set a “neutral” rating and a $16.50 price objective for the company. Royal Bank of Canada initiated coverage on Palmer Square Capital BDC in a research report on Monday, February 12th. They issued an “outperform” rating and a $17.00 price target for the company. Oppenheimer started coverage on shares of Palmer Square Capital BDC in a research note on Monday, February 12th. They set an “outperform” rating and a $17.00 price objective for the company. Finally, UBS Group assumed coverage on Palmer Square Capital BDC in a research report on Monday, February 12th. They issued a “neutral” rating and a $16.50 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.