Business development company
Palmer Square Capital BDC Inc. (PSBD)
Palmer Square Capital BDC Inc. trades as PSBD on NYSE. This page collects what it has actually paid — every recorded payment, the calendar-year totals, the forward and trailing 12-month yields side by side against the last price, and the dates already declared.
Price as of Aug 25, 2026 (8 hours ago) · supplied by fmp. Quotes may be delayed. Verify with your broker before acting on anything here.
The two yields above are different measurements and are not interchangeable. The forward yield annualises the last regular payment; the trailing 12-month yield counts the cash actually paid over the last 365 days. Neither is an interest rate, a bond's yield to maturity or an index effective yield, and none of those may be compared with these as like for like. See how we compute these numbers.
Our stored payment history for PSBD begins in 2024. There is no current run of increases to report: either the most recent complete calendar year did not pay more than the year before it, or there is no earlier complete year in our history to compare it with.
A yield is just a payment divided by a price, so it moves every day even when the payment does not. The forward number is an estimate of the next twelve months; the trailing number is what was actually paid over the last twelve. Ex-date is the cut-off: own the shares before it and the next payment is yours, buy on or after it and the seller keeps it.
What PSBD is
Palmer Square Capital BDC, Inc. specializes in providing diverse investment offerings. The firm actively supplies capital to businesses by issuing loans and acquiring their debt instruments. Founded in 2019, its operations are headquartered in Mission Woods, Kansas.
PSBD is a business development company — a listed vehicle that lends to, and sometimes takes equity in, private middle-market businesses. It elects regulated-investment-company treatment, which requires it to distribute the large majority of its taxable income each year; that requirement, not a board's generosity, is what produces the high headline yield.
The payment is a distribution rather than interest, and it can include return of capital as well as net investment income and realised gains. Most of it is taxed as ordinary income rather than as qualified dividends. The loan book is valued by the manager, not by a market, so net asset value is an estimate. Read how BDCs work.
Figures on this page are computed by Income Investing from the payment history and last price stored in our own database; the payment records come from fmp and the price from fmp, last recomputed Aug 25, 2026. They describe what has been paid, not what will be paid. Yield, payout ratio, our data sources and our methodology are explained elsewhere on the site.
Payment history
Each row is one payment as recorded by our data provider, newest first. The final column compares it with the nearest payment about a year earlier.
The table lists the 11 most recent recorded dividends for PSBD, newest first, with ex-dates running from Mar 27, 2024 to Sep 25, 2026. The latest is $0.3600 per share in USD, ex-date Sep 25, 2026, pay date Oct 13, 2026. Measured against the nearest payment about a year earlier, 0 are higher, 7 lower and 0 unchanged; the remaining 4 have no comparable payment in the record. None is flagged as a special or one-off payment. Payment records supplied by fmp.
How to read this table: one row is one payment, newest at the top, and the amount is what a single share received on that one date. It is not an annual figure — the yearly ones are in the tiles above and in the totals further down. A row marked Special is a one-off the issuer chose to make rather than part of the regular schedule, which is why it is left out of the year-on-year comparison and out of those yearly totals. Whether the amount repeats for several rows or moves every time is a fact about the structure rather than a sign of health: a company usually resets its dividend once a year, while a fund's distribution can change with every payment.
| Ex-dateOwn it before this day and this payment is yours. | Pay date | Amount per shareWhat one share received on that date, before tax. | Cadence tagged by provider | Type | vs. a year earlier |
|---|---|---|---|---|---|
| Sep 25, 2026 | Oct 13, 2026 | $0.3600 | Quarterly | Regular | -14.29% |
| Jun 26, 2026 | Jul 13, 2026 | $0.3900 | Untagged | Regular | -7.14% |
| Mar 27, 2026 | Apr 09, 2026 | $0.3700 | Untagged | Regular | -5.13% |
| Dec 29, 2025 | Jan 14, 2026 | $0.4300 | Untagged | Regular | -10.42% |
| Sep 26, 2025 | Oct 14, 2025 | $0.4200 | Untagged | Regular | -19.23% |
| Jun 27, 2025 | Jul 14, 2025 | $0.4200 | Untagged | Regular | -19.23% |
| Mar 28, 2025 | Apr 10, 2025 | $0.3900 | Untagged | Regular | -30.36% |
| Dec 27, 2024 | Jan 13, 2025 | $0.4800 | Untagged | Regular | — |
| Sep 27, 2024 | Oct 14, 2024 | $0.5200 | Untagged | Regular | — |
| Jun 28, 2024 | Jul 16, 2024 | $0.5200 | Untagged | Regular | — |
| Mar 27, 2024 | Apr 10, 2024 | $0.5600 | Untagged | Regular | — |
The cadence column is the tag our provider attached to that individual payment (fmp), not the security's established schedule. The two can disagree, which is why the cadence shown in the tiles above is only accepted after three consecutive payments were tagged the same way.
A blank comparison means there was no comparable payment within sixty days of the same point a year earlier — a new payer, a changed cadence, or a gap in the record. Special and one-off payments are labelled and are excluded from the comparison.
Dividends by calendar year
Calendar-year totals, bucketed by ex-dividend date: every regular dividend whose ex-dividend date fell in that year, for the last ten complete years on record. These are amounts actually paid, never a forward estimate, and they are not the issuer's own annual dividend figure.
The chart covers 2 complete calendar years for PSBD, 2024 to 2025, per share, in USD. Each bar totals the regular dividends with an ex-dividend date in that calendar year. The year is assigned by ex-dividend date, which is not necessarily the issuer's own dividend year. Our stored payment history for PSBD begins in 2024. The total went from $2.08 in 2024 to $1.66 in 2025 — 20% lower. Within that span 0 years were higher than the year before and 1 lower. The current year is still in progress and is left out, and special or one-off payments are excluded. This is a record of what was paid, not a projection. Every year shown holds the 4 dividends a quarterly cadence implies, so no year on this chart is short or long because a payment shifted across a year end.
Each bar, and each row underneath it, is one calendar year of regular payments added together for a single share. Read left to right and you are reading whether the payment has grown, held or been cut — a record of what was paid, never a forecast of what will be. One thing to watch for: a year here is decided by the date the payment went ex, so when that date slips across a year end one year holds an extra payment and its neighbour is one short while the payment itself never moved. Any year where that has happened is drawn as a dashed bar and marked with an asterisk, and it is the usual reason these totals differ from the annual figure the issuer itself publishes.
| Year | Paid per share that yearEvery regular payment dated in that year, added up, for one share. | Payments in the yearA count that differs from the usual one means a payment moved across a year end. | Change on the year before |
|---|---|---|---|
| 2024 | $2.08 | 4 | — |
| 2025 | $1.66 | 4 | -20.19% |
Similar securities
The eight closest business development company entries by trailing 12-month yield, in the same sector. A research screen, not a recommendation.
These are not the best-paying securities of this kind, and no ranking is meant by the order. They are the ones whose trailing 12-month yield sits nearest to this one, in the same structure and usually the same sector, so that this security can be seen in company rather than on its own. Every figure here is backward-looking cash that has already been paid. A row that sits well away from the rest is a question to take to that security's own page, not an answer.
| Ticker | Name | Price | Trailing 12m yieldCash paid out over the last year, over today's price. | Paid over 12 months | Pays |
|---|---|---|---|---|---|
| PFLT | PennantPark Floating Rate Capital Ltd. | $7.42 | 15.80% | $1.17 | Monthly |
| NMFC | New Mountain Finance Corporation | $7.61 | 15.90% | $1.21 | Quarterly |
| SCM | Stellus Capital Investment Corporation | $8.66 | 16.51% | $1.43 | Monthly |
| WHF | WhiteHorse Finance, Inc. | $7.05 | 16.74% | $1.18 | Irregular |
| MFIC | MidCap Financial Investment Corporation | $9.68 | 14.26% | $1.38 | Quarterly |
| NCDL | Nuveen Churchill Direct Lending Corp. | $12.36 | 13.59% | $1.68 | Quarterly |
| CGBD | Carlyle Secured Lending, Inc. | $11.41 | 13.58% | $1.55 | Quarterly |
| TPVG | TriplePoint Venture Growth BDC Corp. | $5.34 | 17.60% | $0.94 | Quarterly |
Every row in this table is on the same basis — cash actually paid per share over the last 365 days, divided by that security's last price — so the column can be read down. Forward estimates are deliberately not used here, because they exist for some securities and not others and a mixed column would invite a comparison that does not hold. A dash means no payment was recorded in the last 365 days, or no price is on file. Open a security to see both of its yields.
Where these are traded
Business development companies file 10-Ks and quarterly schedules of investments here, which is where loan-level marks, non-accruals and PIK income appear.
The schedule of investments is the loan-by-loan detail no summary page carries
Visit SEC EDGAR ↗An investment adviser that publishes the Cliffwater Direct Lending Index and runs interval funds holding directly originated corporate loans.
Index methodology and quarterly index reports are public
Visit Cliffwater ↗An alternative-investment platform offering private credit, legal finance and real estate deals, most restricted to accredited investors.
Most offerings have no secondary market and lock capital until the deal repays
Visit Yieldstreet ↗A marketplace for private credit transactions, mostly short-duration asset-backed deals, open to accredited investors.
Accredited-investor verification is required before any deal is visible
Visit Percent ↗Listed because they offer access to this kind of security, not as an endorsement of it.