Palmer Square Capital BDC Announces Fourth Quarter 2024 Supplemental Dividend of $0.06

Rhea-AI Summary

Palmer Square Capital BDC (NYSE: PSBD) has announced a supplemental dividend of $0.06 per share for the fourth quarter of 2024. This supplemental payment comes in addition to the base dividend of $0.42 per share for the same quarter. Both dividends will be paid on January 13, 2025, to shareholders of record as of December 27, 2024. The supplemental dividend represents excess undistributed net investment income above the base dividend amount.

Positive

• Declared supplemental dividend of $0.06 per share above regular dividend
• Strong quarterly performance indicated by excess undistributed net investment income
• Total Q4 2024 dividend payout of $0.48 per share ($0.42 base + $0.06 supplemental)

Negative

• None.

Insights

Financial Analyst

Palmer Square's supplemental dividend announcement of $0.06 per share, combined with its base dividend of $0.42, brings the total Q4 2024 distribution to $0.48 per share. This indicates robust portfolio performance and strong net investment income generation. For a BDC with a market cap of $522.3M, the ability to pay supplemental dividends suggests effective management of their investment portfolio and healthy income generation from their lending activities. The supplemental payment demonstrates that the company is generating excess income beyond their regular dividend commitment, which is a positive indicator of portfolio health and earnings quality.

In simple terms: When a BDC can pay extra dividends on top of their regular payments, it's like a restaurant that's making more money than expected and sharing those extra profits with its owners. This extra payment shows the business is doing better than the minimum they planned for.

MISSION WOODS, Kan.--(BUSINESS WIRE)-- Palmer Square Capital BDC Inc. (NYSE: PSBD) ("Palmer Square" or the "Company"), an externally managed business development company, today announced that its Board of Directors has declared a fourth quarter 2024 supplemental dividend of $0.06 per share. Shareholders of record as of December 27, 2024, will receive the supplemental dividend, payable on January 13, 2025.

The supplemental dividend will be paid out of the excess of the Company’s quarterly undistributed net investment income, above the fourth quarter 2024 base dividend of $0.42 per share, payable on January 13, 2025, to shareholders of record as of December 27, 2024.

About Palmer Square Capital BDC Inc.
Palmer Square Capital BDC Inc. (NYSE: PSBD) is an externally managed, non-diversified closed-end management investment company that primarily lends to and invests in corporate debt loans, including but not limited to large private U.S. companies in the broadly syndicated loan market, as well as the direct large cap private credit market. PSBD has elected to be regulated as a business development company under the Investment Company Act of 1940. PSBD’s investment objective is to maximize total return, comprised of current income and capital appreciation. PSBD’s current investment focus is guided by two strategies that facilitate its investment opportunities and core competencies: (1) investing in corporate debt loans and, to a lesser extent, (2) investing in other debt securities which may include collateralized loan obligation debt and equity. PSBD’s investment activities are managed by its investment adviser, Palmer Square BDC Advisor LLC, an affiliate of Palmer Square Capital Management LLC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241220413369/en/

Investors

Matt Bloomfield and Jeremy Goff

Palmer Square Capital BDC Inc.

Investors@palmersquarebdc.com



Media

Josh Clarkson

Prosek Partners

PSBD@prosek.com

Source: Palmer Square Capital BDC Inc.

FAQ

What is the total Q4 2024 dividend amount for Palmer Square Capital BDC (PSBD)?

The total Q4 2024 dividend amount for PSBD is $0.48 per share, consisting of a $0.42 base dividend and a $0.06 supplemental dividend.

When is the record date for PSBD's Q4 2024 supplemental dividend?

The record date for PSBD's Q4 2024 supplemental dividend is December 27, 2024.

When will PSBD pay its Q4 2024 supplemental and base dividends?

Both the supplemental and base dividends will be paid on January 13, 2025.

What is the source of PSBD's Q4 2024 supplemental dividend?

The supplemental dividend comes from excess undistributed net investment income above the Q4 2024 base dividend amount.