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

Palmer Square Capital BDC Inc. (NYSE:PSBD) announced a quarterly dividend on Tuesday, November 5th, Zacks reports. Shareholders 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 10.49%. The ex-dividend date is Friday, December 27th.

Palmer Square Capital BDC Stock Up 0.1 %

Palmer Square Capital BDC stock traded up $0.01 during mid-day trading on Wednesday, reaching $16.02. The company’s stock had a trading volume of 1,970 shares, compared to its average volume of 46,075. The firm’s fifty day moving average price is $16.17 and its two-hundred day moving average price is $16.35. Palmer Square Capital BDC has a 12-month low of $15.27 and a 12-month high of $17.12.

Palmer Square Capital BDC (NYSE:PSBD) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $36.55 million for the quarter, compared to the consensus estimate of $36.27 million. On average, analysts predict that Palmer Square Capital BDC will post 1.97 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reissued an “outperform” rating and set a $17.00 price objective on shares of Palmer Square Capital BDC in a research note on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Palmer Square Capital BDC currently has an average rating of “Moderate Buy” and an average 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.