U.S. corporate debt lender's Q2 investment income and net investment income per share declined yr/yr
Company declared Q3 base dividend, supplemental dividend expected to be announced in September
Share repurchase program extended and $300 mln term debt securitization refinanced in Q2
Outlook and result drivers
Palmer Square Capital BDC declares Q3 base dividend of $0.36 per share
Company expects to announce a Q3 supplemental dividend in September
Company expects greater earnings power beginning in Q4 and into 2027
Liability structure changes - Co said it took steps to improve liability structure and lower cost of capital, including refinancing term debt securitization and extending share repurchase program
Selective capital deployment - Co said it continued to selectively deploy capital across both the broadly syndicated loan market and private credit
Key details and analyst coverage
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Asset Value Per Share
$13.21
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
PSBD•
