Quarterly ResultAug 5, 2026, 04:23 PM

Palmer Square BDC Q2 EPS $0.39; Declares $0.36 Dividend

AI Summary

Palmer Square Capital BDC Inc. announced its second quarter 2026 financial results, reporting net investment income of $0.39 per share and total investment income of $27.3 million. The company declared a third quarter regular base dividend of $0.36 per share and expects to announce a supplemental dividend in September. Strategic actions included increasing its share repurchase program, improving its liability structure, and refinancing a $300 million CLO term debt securitization, which management believes will enhance future earnings power.

Key Highlights

Net investment income of $0.39 per share for Q2 2026, compared to $0.43 per share for Q2 2025
Total investment income of $27.3 million for Q2 2026, down from $31.7 million in Q2 2025
Net asset value of $13.21 per share as of June 30, 2026, down from $13.30 per share as of March 31, 2026
Declared a third quarter regular base dividend of $0.36 per share, payable October 13, 2026
Debt-to-equity was 1.71x as of June 30, 2026, slightly up from 1.70x as of March 31, 2026
Total assets were $1.1 billion and total net assets were $406.2 million as of June 30, 2026
Refinanced a $300 million term debt securitization (CLO Reset Transaction) on July 15, 2026
Reduced Bank of America credit facility commitments from $525 million to $350 million on July 1, 2026

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PSBD

Palmer Square Capital BDC Inc.

Price Impact