PSBD BDC — Palmer Square Capital BDC Inc.
Palmer Square Capital BDC Inc. (PSBD)
PSBD is a BDC. its distribution rate is 15.82%, its trailing-12-month yield is 15.59%. Dividend Vision Distribution Safety Score™ is 72/100 (Generally safe). Total return is -12.4% over the past 2.7 years, 77.5 points behind SPY at 65.1%.
At the current 15.82% distribution rate, a $10,000 investment would generate approximately $1,582 per year, or about $395.50 per quarter if the next payment matches the last regular one.
PSBD dividend yield and income
Price as of 2026-09-18.
The distribution rate (15.82%) is the latest posted forward yield, paid quarterly. Trailing-12-month yield (15.59%) is the last year of payments divided by the current price. The next declared dividend is $0.39. The next ex-dividend date is 09/25/2026. It is scheduled to be paid on 10/13/2026. At the current 15.82% distribution rate, a $10,000 investment would generate approximately $1,582 per year, or about $395.50 per quarter if the next payment matches the last regular one.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-06-26 | $0.39 | 5.4% |
| 2026-03-27 | $0.37 | -14.0% |
| 2025-12-29 | $0.43 | 2.4% |
| 2025-09-26 | $0.42 | 0.0% |
| 2025-06-27 | $0.42 | 7.7% |
| 2025-03-28 | $0.39 | -18.7% |
| 2024-12-27 | $0.48 | 2.1% |
| 2024-09-27 | $0.47 | 0.0% |
| 2024-06-28 | $0.47 | -4.1% |
| 2024-03-27 | $0.49 | — |
| 2024 total | $1.91 | — |
| 2025 total | $1.66 | -13.1% |
| 2026 YTD total | $0.76 | -6.2% vs prior-year YTD |
PSBD dividend growth
Trailing-12-month distributions versus the preceding 12 months changed -8.5%. 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 -6.32%.
| Window | Change |
|---|---|
| 1Y | -8.5% |
| 3Y | 0.0% |
| 5Y | 0.0% |
PSBD holdings and sector exposure
Holdings are not available for this snapshot.
PSBD performance versus SPY
Price and return data through 2026-09-18.
Total return is -12.4% over the past 2.7 years, 77.5 points behind SPY at 65.1%. Over the past year its total return — price change plus distributions reinvested — is -12.3%. Its deepest 1-year drawdown was 20.9%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 0.9% | — |
| 3M | -0.6% | — |
| 6M | 3.6% | — |
| YTD | -8.9% | — |
| 1Y | -12.3% | — |
| 2Y CAGR | — | -9.70% |
| Since inception (2.7 years) | -12.4% | -4.80% |
PSBD key facts
- Distribution Safety Score™
- 72 · Generally safe
- Safety-Adjusted Yield
- 11.39%
- Issuer
- Palmer Square Capital Management
- Asset type
- BDC
- Asset class
- Equity
- Distribution rate
- 15.82%
- Distribution frequency
- Quarterly
- Trailing yield
- 15.59%
- Last close
- $10.33 (as of 2026-09-18)
- Market cap
- $316,627,113
- Average volume
- 52400.0
- Next dividend
- $0.39
- Next ex-dividend date
- 09/25/2026
- Next payment date
- 10/13/2026
- Payout ratio
- 0.981
- Forward P/E
- 6.9832
- EPS
- $-0.99
How Dividend Vision calculates yield and returns
Distribution rate (15.82%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (15.59%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. 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.
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 20.9%.
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.
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 15.82%, paid quarterly — the latest regular payout annualised, not a trailing 12-month yield (data as of September 18, 2026).
How has PSBD's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed -8.5%. 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 next declared dividend is $0.39. The next ex-dividend date is 09/25/2026. It is scheduled to be paid on 10/13/2026.
How has PSBD performed?
Total return is -12.4% over the past 2.7 years, 77.5 points behind SPY at 65.1%. Over the past year its total return — price change plus distributions reinvested — is -12.3%. Its deepest 1-year drawdown was 20.9%.
Is PSBD a good investment?
PSBD's Dividend Vision Distribution Safety Score is 72 (Generally safe). That is a risk signal, not investment advice. Its distribution rate is 15.82% (the latest regular payout annualised, not a trailing yield). Compare peers below rather than treating any single figure as a buy or sell.
More securities from Palmer Square Capital Management.
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