earnings
confidence high
sentiment negative
materiality 0.65
PSBD Q4 NII falls to $0.41/share from $0.45; NAV drops to $14.85; declares $0.36 base dividend
Palmer Square Capital BDC Inc.
2025-FY EPS reported
$1.66
- Total investment income $29.8M vs $34.9M YoY; NII $13.1M ($0.41/share) down from $14.8M ($0.45).
- Net realized/unrealized losses of $18.4M in Q4 vs $2.9M loss a year ago; NAV $14.85/share vs $15.39 prior quarter.
- Portfolio yield 11.30%; 99.91% of investments income-producing; non-accrual rate 0.09% of fair value.
- Q1 2026 base dividend $0.36/share payable Apr 9, record Mar 27; supplemental expected in March.
- New investments funded $91.4M in Q4; sales/repayments $148.3M; debt-to-equity 1.54x.