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

Palmer Square Capital BDC Inc. (NYSE:PSBD) announced a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Shareholders of record on Friday, March 28th will be given a dividend of 0.36 per share on Thursday, April 10th. This represents a $1.44 annualized dividend and a yield of 9.35%. The ex-dividend date of this dividend is Friday, March 28th.

Palmer Square Capital BDC Trading Down 0.1 %

PSBD traded down $0.02 during midday trading on Friday, hitting $15.40. 55,782 shares of the company were exchanged, compared to its average volume of 22,420. The company’s 50 day simple moving average is $15.59 and its 200 day simple moving average is $15.91. The firm has a market capitalization of $502.76 million and a price-to-earnings ratio of 8.02. Palmer Square Capital BDC has a 1-year low of $14.99 and a 1-year high of $17.09.

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.