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PSBD BDC — Palmer Square Capital BDC Inc.
Palmer Square Capital BDC Inc. (PSBD)
Updated November 4, 2026.
Verdict as of November 4, 2026 close
PSBD's distribution is rated generally safe by the Dividend Vision Distribution Safety Score™ (68/100, high confidence). It pays quarterly and its distribution rate is 15.72%. The latest total cash payment per current share, $0.38 with an ex-date of September 25, 2026, was 2.6% lower than the previous $0.39. It is not yet confirmed whether this is a cut to the regular payout or a one-off difference.
Sources: Palmer Square Capital Management, Section 19a-1 notices, scoring methodology.
PSBD is a BDC. Its distribution rate is 15.72%, its trailing-12-month yield is 15.72%. Dividend Vision Distribution Safety Score™ is 68/100 (Generally safe). Total return is -12.0% over the past 2.8 years, 78.2 points behind SPY at 66.2%.
At the published price, recorded trailing 12-month cash corresponds to $1,572 per $10,000. Past cash distributions do not establish future income.
PSBD dividend yield and income
Price as of 2026-11-04.
The distribution rate (15.72%) uses trailing 12-month split-adjusted cash distributions; includes specials and supplementals; divided by market price dated 2026-11-04. Trailing-12-month yield (15.72%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.38. The ex-dividend date is 09/25/2026. The payment date is 10/13/2026. At the published price, recorded trailing 12-month cash corresponds to $1,572 per $10,000. Past cash distributions do not establish future income.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-09-25 | $0.38 | -2.6% Total cash (unclassified) |
| 2026-06-26 | $0.39 | 5.4% Total cash (unclassified) |
| 2026-03-27 | $0.37 | -14.0% Total cash (unclassified) |
| 2025-12-29 | $0.43 | 2.4% Total cash (unclassified) |
| 2025-09-26 | $0.42 | 0.0% Total cash (unclassified) |
| 2025-06-27 | $0.42 | 7.7% Total cash (unclassified) |
| 2025-03-28 | $0.39 | -18.7% Total cash (unclassified) |
| 2024-12-27 | $0.48 | 2.1% Total cash (unclassified) |
| 2024-09-27 | $0.47 | 0.0% Total cash (unclassified) |
| 2024-06-28 | $0.47 | -4.1% Total cash (unclassified) |
| 2024-03-27 | $0.49 | — |
| 2024 total | $1.91 | — |
| 2025 total | $1.66 | -13.1% |
| 2026 YTD total | $1.14 | -7.3% vs prior-year YTD |
PSBD dividend growth
Trailing-12-month distributions versus the preceding 12 months changed -8.2%. The 1Y row below uses this same adjacent TTM cash-window comparison. The deepest trailing-12-month payout decline in the past five years is -11.58%.
| Window | Change |
|---|---|
| 1Y | -8.2% |
PSBD performance versus SPY
Total return is -12.0% over the past 2.8 years, 78.2 points behind SPY at 66.2%. Over the past year its total return — price change plus distributions reinvested — is -4.8%. Its deepest 1-year drawdown was 18.7%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 2.3% | — |
| 3M | 4.7% | — |
| 6M | -3.6% | — |
| YTD | -8.5% | — |
| 1Y | -4.8% | — |
| 2Y CAGR | — | -9.70% |
| Since 2024-01-18 (first price on file) · 2.8 years | -12.0% | -4.50% |
PSBD key facts
- Distribution Safety Score™
- 68 · Generally safe
- Safety-Adjusted Yield
- 10.69%
- Issuer
- Palmer Square Capital Management
- Asset type
- BDC
- Asset class
- Equity
- Distribution rate
- 15.72%
- Distribution frequency
- Quarterly
- Trailing yield
- 15.72%
- Last close
- $9.99 (as of 2026-11-04)
- Market cap
- $306,205,698
- Average volume
- 375,356
- Dividend
- $0.38
- Ex-dividend date
- 09/25/2026
- Payment date
- 10/13/2026
- Payout ratio
- 99.4%
- Forward P/E
- 6.72
- EPS
- -$1.00
How Dividend Vision calculates yield and returns
Distribution rate (15.72%) uses trailing 12-month split-adjusted cash distributions; includes specials and supplementals; divided by market price dated 2026-11-04. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (15.72%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Palmer Square Capital Management; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
PSBD risks and drawbacks
Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 18.7%.
Who may consider PSBD — and who may not
It is a weaker fit for investors who need monthly cash flow (PSBD pays quarterly); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on PSBD
Frequently asked questions
Does PSBD pay monthly?
No. PSBD currently pays quarterly, not monthly.
What is PSBD's dividend yield?
PSBD's distribution rate is 15.72%, paid quarterly — trailing 12-month split-adjusted cash distributions; includes specials and supplementals; divided by market price dated 2026-11-04.
How has PSBD's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed -8.2%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does PSBD pay a dividend?
PSBD pays quarterly. The dividend amount is $0.38. The ex-dividend date is 09/25/2026. The payment date is 10/13/2026.
How has PSBD performed?
Total return is -12.0% over the past 2.8 years, 78.2 points behind SPY at 66.2%. Over the past year its total return — price change plus distributions reinvested — is -4.8%. Its deepest 1-year drawdown was 18.7%.
Is PSBD a good investment?
PSBD's Dividend Vision Distribution Safety Score is 68 (Generally safe). That is a risk signal, not investment advice. Its distribution rate is 15.72% (trailing 12-month split-adjusted cash distributions; includes specials and supplementals; divided by market price dated 2026-11-04). Compare peers below rather than treating any single figure as a buy or sell.
More securities from Palmer Square Capital Management.
Tickers
PSBD's distribution is rated generally safe by the Dividend Vision Distribution Safety Score™ (68/100, high confidence). It pays quarterly and its distribution rate is 15.72%. The latest total cash payment per current share, $0.38 with an ex-date of September 25, 2026, was 2.6% lower than the previous $0.39. It is not yet confirmed whether this is a cut to the regular payout or a one-off difference.
Sources: Palmer Square Capital Management, Section 19a-1 notices, scoring methodology.
Holdings as-of date unavailable.
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