Palmer Square Capital BDC Inc. (PSBD) To Go Ex-Dividend on June 28th

Palmer Square Capital BDC Inc. (NYSE:PSBD) announced a quarterly dividend on Tuesday, May 7th, Wall Street Journal reports. Stockholders of record on Friday, June 28th will be given 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 10.06%. The ex-dividend date of this dividend is Friday, June 28th.

Palmer Square Capital BDC Trading Up 0.8 %

NYSE PSBD traded up $0.13 on Thursday, reaching $16.70. The company had a trading volume of 2,708 shares, compared to its average volume of 77,624. Palmer Square Capital BDC has a 1-year low of $15.27 and a 1-year high of $17.12. The stock’s fifty day moving average price is $16.36.

Palmer Square Capital BDC (NYSE:PSBD) last released its earnings results on Wednesday, February 28th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $29.82 million during the quarter, compared to analysts’ expectations of $29.78 million. Equities research analysts forecast that Palmer Square Capital BDC will post 1.92 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on PSBD. UBS Group initiated coverage on shares of Palmer Square Capital BDC in a report on Monday, February 12th. They issued a “neutral” rating and a $16.50 price objective for the company. Janney Montgomery Scott assumed coverage on shares of Palmer Square Capital BDC in a report on Monday, April 22nd. They issued a “neutral” rating and a $17.50 target price for the company. JPMorgan Chase & Co. began coverage on Palmer Square Capital BDC in a research report on Monday, February 12th. They set an “overweight” rating and a $17.00 price objective on the stock. Bank of America assumed 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 price target for the company. Finally, Citigroup started coverage on Palmer Square Capital BDC in a report on Monday, February 12th. They issued a “buy” rating and a $17.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.