earnings
confidence high
sentiment negative
materiality 0.75
Palmer Square BDC Q2 NII $0.39/share, down from $0.43 YoY; declares $0.36 base dividend
Palmer Square Capital BDC Inc.
- Total investment income $27.3M (down 14% YoY from $31.7M); NII $12.0M ($0.39/share) vs $13.8M ($0.43) prior year.
- NAV per share $13.21, down from $13.30 at March 31, 2026 and $15.68 a year ago.
- Declared Q3 base dividend $0.36/share payable Oct 13; supplemental expected in September.
- Completed $300M CLO reset on July 15, 2026, refinancing term debt securitization with AAA and AA notes.
- Reduced Bank of America credit facility commitments from $525M to $350M effective July 1, 2026.