Palmer Square Capital BDC Q1 investment income declines

Palmer Square Capital BDC

06/05/2026 12:31

Overview

U.S. corporate debt lender's Q1 total investment income and net investment income per share declined yr/yr

Net asset value per share fell to $13.30 from $14.85 at end-December

Company declared Q2 base dividend, with supplemental dividend announcement expected in June

Outlook

Company declared Q2 2026 base dividend of $0.36 per share, payable July 13, 2026

Company expects to announce a Q2 2026 supplemental dividend in June

Company sees stability in investments and expects improving conditions beyond April

Result Drivers

MACROECONOMIC VOLATILITY - Co said results reflected resilience amid a volatile macroeconomic backdrop impacting the sector

PORTFOLIO STABILITY - Management said underlying investments remained stable during the quarter

NET LOSSES ON INVESTMENTS - Co recorded $48.3 mln in total net realized and unrealized losses for the quarter

Company press release: ID:nBw3yScJZa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Asset Value Per Share
$13.30


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Palmer Square Capital BDC Inc is $12.25, about 9.9% above its May 5 closing price of $11.15

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)