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

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 10.05%. The ex-dividend date of this dividend is Friday, June 28th.

Palmer Square Capital BDC Stock Up 1.0 %

NYSE PSBD opened at $16.72 on Thursday. The business’s 50-day moving average is $16.36. Palmer Square Capital BDC has a 52-week low of $15.27 and a 52-week high of $17.12.

Palmer Square Capital BDC (NYSE:PSBD) last posted its earnings results on Wednesday, February 28th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. The company had revenue of $29.82 million during the quarter, compared to analysts’ expectations of $29.78 million. Palmer Square Capital BDC had a net margin of 96.09% and a return on equity of 23.31%. As a group, equities research analysts expect that Palmer Square Capital BDC will post 1.92 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on PSBD. Janney Montgomery Scott began coverage on shares of Palmer Square Capital BDC in a research note on Monday, April 22nd. They set a “neutral” rating and a $17.50 target price for the company. Bank of America began coverage on shares of Palmer Square Capital BDC in a research note on Monday, February 12th. They set a “neutral” rating and a $16.50 target price for the company. Oppenheimer began coverage on shares of Palmer Square Capital BDC in a research note on Monday, February 12th. They issued an “outperform” rating and a $17.00 price objective for the company. Royal Bank of Canada began coverage on shares of Palmer Square Capital BDC in a research note on Monday, February 12th. They issued an “outperform” rating and a $17.00 price objective for the company. Finally, UBS Group began coverage on shares of Palmer Square Capital BDC in a research note on Monday, February 12th. They issued a “neutral” rating and a $16.50 price objective for the company. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Palmer Square Capital BDC has a consensus rating of “Moderate Buy” and a consensus target price of $16.93.

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.