Palmer Square Capital Q2 investment income falls

Palmer Square Capital BDC

05/08/2026 12:20

Overview
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
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

Result Drivers
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

Company press release: ID:nBw1dQsJqa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Asset Value Per Share
 
$13.21
 

Analyst Coverage
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"
The average consensus recommendation for the closed end funds peer group is "buy."
Wall Street's median 12-month price target for Palmer Square Capital BDC Inc is $11.00, about 11% above its August 4 closing price of $9.91

Reuters Recommended Reads
Aug 4 - SLR Investment Q2 net investment income falls on smaller portfolio, lower rates
Aug 3 - New Mountain Finance Q2 net investment income falls year over year
Aug 5 - Oaktree Specialty Lending Q3 profit declines on lower portfolio balance

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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.)