Palmer Square Capital BDC Announces $0.49/Share Q1 2024 Dividend And Supplemental Dividend Policy
Portfolio Pulse from Benzinga Newsdesk
Palmer Square Capital BDC announced a Q1 2024 dividend of $0.49/share, including a base distribution of $0.42/share and a supplemental dividend of $0.07/share, funded by excess quarterly undistributed net investment income.
March 20, 2024 | 1:21 pm
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Palmer Square Capital BDC announced a Q1 2024 dividend of $0.49 per share, which includes a base distribution of $0.42 and a supplemental dividend of $0.07.
The announcement of a dividend, especially one that includes a supplemental dividend, is typically viewed positively by investors as it signals financial health and a commitment to returning value to shareholders. The specific mention of the supplemental dividend being funded by excess quarterly undistributed net investment income further reinforces the company's strong financial position. This is likely to have a positive short-term impact on PSBD's stock price as it may attract dividend investors and boost shareholder confidence.
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