Palmer Square Capital BDC Inc.
PSBDFinancial Services · Stock · quarterly payer
Forward Yield
13.94%
Annual Dividend
$1.44
Payout Ratio
398%
5-Yr Growth
—
Ex-Date
Sep 25, 2026
Frequency
Quarterly
Summary
As of September 2026, Palmer Square Capital BDC Inc. (PSBD) yields 13.94% ($1.44 per share annually), with a blended fair-value estimate of $17.83 — +73% upside, so it screens as undervalued.
Is PSBD a good dividend stock?
MixedPalmer Square Capital BDC Inc. (PSBD) pays a quarterly dividend yielding 13.94% ($1.44/yr), with 0 years of growth. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2025
- Elevated payout ratio (398%)
- Very high yield can signal elevated risk
Key Data
- Dividend Yield
- 13.94%
- Payout Ratio
- 398%
- Annual Dividend
- $1.44
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Sep 25, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- —
- Market Cap
- $317.5M
- P/E Ratio
- —
- 5-Yr Total Return
- —
- 52-Week Range
- $9.34 – $14.25
- Dividend Safety
- —
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
PSBD Price — Last 12 Months
Daily close
Price Return
1 Year
-16%
3 Years
—
5 Years
—
52-Week Range
$9.34 – $14.25
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PSBD worth?
Undervaluedlow confidenceOur blended fair-value estimate for Palmer Square Capital BDC Inc. is $17.83 per share, versus a market price of $10.32. That implies 73% of upside — a margin of safety of about 42%.
Fair Value
$17.83
Current Price
$10.32
Upside
+73%
Margin of Safety
42%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -2.5% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), -2.5% stage-1 growth, 2.5% terminal growth, -$0.99 EPS, $1.44 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 26, 2026 | — | $0.3900 | regular |
| Mar 27, 2026 | — | $0.3700 | regular |
| Dec 29, 2025 | — | $0.4300 | regular |
| Sep 26, 2025 | — | $0.4200 | regular |
| Jun 27, 2025 | — | $0.4200 | regular |
| Mar 28, 2025 | — | $0.3900 | regular |
| Dec 27, 2024 | — | $0.4800 | regular |
| Sep 27, 2024 | — | $0.4700 | regular |
| Jun 28, 2024 | — | $0.4700 | regular |
| Mar 27, 2024 | — | $0.4900 | regular |
Income Calculator
At $1.44 / yr per share
