earnings
confidence high
sentiment neutral
materiality 0.60
Palmer Square BDC Q2 NII $0.48/sh (vs $0.56 YoY), NAV $16.85 (down from $17.16), declares $0.42 base dividend
Palmer Square Capital BDC Inc.
2024-Q2 EPS reported
$1.00
- Total investment income $36.5M, up from $27.4M YoY; net investment income fell to $15.8M ($0.48/sh) from $14.2M ($0.56/sh).
- NAV per share $16.85 as of June 30, down 1.8% from March 31; portfolio yield dropped to 9.82% from 10.11%.
- Net realized and unrealized losses of $10.4M in Q2 vs gains of $9.7M a year ago; debt-to-equity rose to 1.49x from 1.42x.
- Q3 base dividend $0.42/sh payable Oct 14 to holders of record Sep 27; supplemental expected in Sep. Q2 distributions were $0.47/sh.
- No investments on non-accrual; closed $400.5M CLO (Palmer Square BDC CLO I) in May 2024.