Palmer Square Capital BDC Q3 NAV rises on higher debt returns
PSBD•Palmer Square Capital BDC’s net asset value per share rose to $13.34 from $13.21 in the prior quarter, while total investment income and net investment income fell year over year. It declared a fourth-quarter base dividend of $0.36 per share and expects to announce a supplemental dividend in December.
1. Quarterly results
Net asset value per share increased to $13.34 in the third quarter from $13.21 in the prior quarter. Total investment income and net investment income fell year over year.
2. Portfolio and dividends
Portfolio yield rose to 11.99% from 10.07% a year earlier, reflecting higher returns on debt and income-producing securities. The company reported $2.4 million in net realized and unrealized gains, compared with $10.3 million in losses a year earlier, and repurchased $5.2 million of shares. It declared a fourth-quarter 2026 base dividend of $0.36 per share, payable January 13, 2027, and expects to announce a supplemental dividend in December.
3. Investment mix
Senior secured loans made up 97% of long-term investments, and 98% of long-term investments were at floating rates.
