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

Palmer Square Capital BDC Inc. (NYSE:PSBD - Get Free Report) declared a quarterly dividend on Tuesday, November 5th, Zacks reports. Investors of record on Friday, December 27th will be given a dividend of 0.42 per share on Monday, January 13th. This represents a $1.68 annualized dividend and a yield of 10.51%. The ex-dividend date of this dividend is Friday, December 27th.

Palmer Square Capital BDC Price Performance

PSBD traded down $0.02 during trading on Wednesday, hitting $15.99. 28,229 shares of the company's stock were exchanged, compared to its average volume of 46,205. Palmer Square Capital BDC has a 1 year low of $15.27 and a 1 year high of $17.12. The stock has a 50 day moving average price of $16.17 and a 200 day moving average price of $16.35.

Palmer Square Capital BDC (NYSE:PSBD - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.03). Palmer Square Capital BDC had a net margin of 64.65% and a return on equity of 16.13%. The company had revenue of $36.55 million during the quarter, compared to analyst estimates of $36.27 million. On average, analysts expect that Palmer Square Capital BDC will post 1.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reissued an "outperform" rating and set a $17.00 price target on shares of Palmer Square Capital BDC in a research report on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.