Know the company
Company overview
Palmer Square Capital BDC invests in corporate loans and other credit instruments. Interest and fees paid by borrowers are its recurring income. The BDC also uses borrowing, so funding and operating costs come out before net investment income can support its dividend. Portfolio credit losses and new investment activity can change both that income and the value of its investments.
- Business
- BDC
- Listing
- PSBD · XNYS
- Reporting period
- 2026-06-30
- Dividend schedule
- Quarterly
How the business works
Palmer Square Capital BDC’s distribution capacity begins with interest and fee income from its credit investments. Higher portfolio yields, additional invested assets, and stable funding costs can support net investment income. Conversely, lower reference rates, repayments that are not promptly reinvested, higher borrowing costs, non-accruals, credit losses, or lower investment income can pressure it. Realized gains may supplement shareholder returns, but durable distribution coverage is best assessed through recurring net investment income rather than gains.
Palmer Square Capital BDC Inc.: 10-Q supporting reported earnings