Quarterly ResultMay 7, 2026, 04:27 PM
Palmer Square Capital BDC Q1 NII $0.35/Share; Declares $0.36 Dividend
AI Summary
Palmer Square Capital BDC Inc. announced its first quarter 2026 financial results, reporting a net investment income of $11.0 million, or $0.35 per share, a decrease from the prior year. The net asset value per share also declined to $13.30. Despite a volatile macroeconomic backdrop, the company's CEO stated that the portfolio remains stable and well-positioned for future performance. Additionally, the Board of Directors declared a second quarter regular base dividend of $0.36 per share, with an expectation to announce a supplemental dividend in June.
Key Highlights
- Net investment income was $11.0 million, or $0.35 per share, for Q1 2026, down from $12.9 million, or $0.40 per share, in Q1 2025.
- Net asset value (NAV) was $13.30 per share as of March 31, 2026, compared to $14.85 as of December 31, 2025.
- Total investment income for Q1 2026 was $26.2 million, a decrease from $31.2 million in the prior year period.
- Total net realized and unrealized losses for Q1 2026 were $48.3 million, up from $21.3 million in Q1 2025.
- The company declared a second quarter regular base dividend of $0.36 per share, payable July 13, 2026.
- Debt-to-equity ratio increased to 1.70x as of March 31, 2026, from 1.54x as of December 31, 2025.
- New investments funded in Q1 2026 totaled $109.4 million across 42 investments.
- Investments on non-accrual status were 0.00% of total investments at fair value as of March 31, 2026.