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

Palmer Square Capital BDC Inc. (NYSE:PSBD) declared a quarterly dividend on Thursday, February 26th. Investors of record on Friday, March 27th will be paid a dividend of 0.36 per share on Thursday, April 9th. This represents a c) dividend on an annualized basis and a yield of 13.1%. The ex-dividend date is Friday, March 27th.

Palmer Square Capital BDC Price Performance

Shares of NYSE PSBD opened at $10.99 on Friday. Palmer Square Capital BDC has a 1 year low of $10.16 and a 1 year high of $15.64. The stock has a market capitalization of $345.93 million, a P/E ratio of 25.56 and a beta of 0.68. The company’s 50-day moving average is $11.73 and its 200 day moving average is $12.43.

About Palmer Square Capital BDC

Palmer Square Capital BDC Inc (NYSE: PSBD) is a closed-end, externally managed business development company that provides customized financing solutions to middle-market companies in the United States. The firm offers a broad range of debt and equity products—including first-lien and second-lien senior secured loans, unitranche financings, mezzanine debt and equity co-investments—to support corporate acquisitions, refinancings, growth initiatives and balance sheet restructurings.

PSBD primarily targets established privately owned and sponsored businesses across diverse industries such as healthcare, business services, industrials and consumer products.