SmarterDividends
PSBD

Palmer Square Capital BDC (PSBD) Dividend

Palmer Square Capital BDC Inc. · Financial Services · Asset Management · quarterly payer

$9.88

Undervalued · +118% Add to Portfolio

As of Nov 8, 2026, Palmer Square Capital BDC (PSBD) pays a quarterly dividend, or $1.44 a year, a 14.57% yield at its $9.88 share price. The next ex-dividend date is Dec 28, 2026, paid Jan 11, 2027. It has a dividend safety grade of D.

Forward Yield

14.57%

Annual Dividend

$1.44

Payout Ratio

398%

5-Yr Growth

—

Ex-Date

Dec 28, 2026

Frequency

Quarterly

Key facts about PSBD's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 8, 2026, Palmer Square Capital BDC Inc. (PSBD) has a forward dividend yield of 14.57%, based on an annual dividend of $1.44 per share and a share price of $9.88.
  • As of Nov 8, 2026, PSBD's dividend safety grade from SmarterDividends is D (46 out of 100), which rates the dividend as unsafe.
  • PSBD last cut its regular dividend in 2025.
  • PSBD's next ex-dividend date is Dec 28, 2026, with payment on Jan 11, 2027. Shares must be owned before that date to receive the dividend.
  • As of Nov 8, 2026, PSBD pays out 398% of its trailing 12-month earnings as dividends (its payout ratio).
  • As of Nov 8, 2026, PSBD's 14.57% yield is 21% above its five-year average yield of 12.04%.
  • As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for PSBD is $21.56 per share, 118% above the $9.88 share price, so PSBD screens as undervalued.
  • Palmer Square Capital BDC Inc. (PSBD) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "PSBD Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/PSBD

Is PSBD a good dividend stock?

Mixed

Palmer Square Capital BDC Inc. (PSBD) pays a quarterly dividend yielding 14.57% ($1.44/yr), with 0 years of growth and a dividend-safety grade of D. 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
    • Below-average dividend safety score

    Key Data

    Dividend Yield
    14.57%
    Payout Ratio
    398%
    Annual Dividend
    $1.44
    5-Yr Avg Growth
    —
    Ex-Dividend Date
    Dec 28, 2026
    Years of Growth
    0
    Frequency
    quarterly
    Beta
    —
    Market Cap
    $297.8M
    P/E Ratio
    —
    5-Yr Total Return
    —
    52-Week Range
    $9.34 – $12.45
    Dividend Safety
    D · 46/100
    Ever Cut?
    Yes (2025)

    PSBD dividend changes

    Palmer Square Capital BDC Inc. (PSBD) pays a variable dividend: across the 11 payments on record since 2024, 4 were higher than the one before and 3 lower. The latest change was down 2.6% to $0.380 per share, going ex-dividend on Sep 25, 2026.

    Ex-dateChangeOld → newMove
    Sep 25, 2026Lower$0.390 → $0.380−2.6%
    Jun 26, 2026Higher$0.370 → $0.390+5.4%
    Mar 27, 2026Lower$0.430 → $0.370−14.0%
    Dec 29, 2025Higher$0.420 → $0.430+2.4%
    Jun 27, 2025Higher$0.390 → $0.420+7.7%
    Mar 28, 2025Lower$0.480 → $0.390−18.7%
    Dec 27, 2024Higher$0.470 → $0.480+2.1%
    Every PSBD payment →Download every raise and cut (CSV)
    PSBD ex-dividend date & scheduleNext ex-date Dec 28, 2026 · full ex-dividend historyView →PSBD dividend historyEvery payment, totals by year, raises and cutsView →PSBD dividend calculator100 shares pay $144.00 a year, $36.00 each quarterCalculate →PSBD total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

    Frequently Asked Questions

    Is PSBD a good dividend stock?

    Mixed. Palmer Square Capital BDC Inc. (PSBD) pays a quarterly dividend yielding 14.57% ($1.44/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

    Is PSBD undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PSBD's fair value is about $21.56 versus a $9.88 share price — so it looks undervalued (+118% vs. fair value).

    Is PSBD's dividend safe?

    PSBD has a dividend-safety grade of D (46/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

    What is PSBD's fair value?

    Our blended fair-value estimate for PSBD is about $21.56 per share, roughly 118% above the current $9.88 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is PSBD a buy, hold, or sell?

    We don't issue formal ratings, but on the data PSBD screens as "mixed" and undervalued. Palmer Square Capital BDC Inc. (PSBD) pays a quarterly dividend yielding 14.57% ($1.44/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

    Will PSBD cut its dividend?

    PSBD earns a dividend-safety grade of D (46/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does PSBD pay a dividend?

    Yes. Palmer Square Capital BDC Inc. pays a quarterly dividend of about $1.44 per share annually, a forward yield of roughly 14.57%.

    How much dividend does 100 shares of PSBD pay?

    At $1.44 per share a year, 100 shares of PSBD pay $144.00 a year in dividends before tax, about $36.00 each quarter. Buying them costs about $988 at the Nov 8, 2026 price.

    What is PSBD's dividend yield?

    As of Nov 8, 2026, PSBD's forward dividend yield is 14.57%, based on a $1.44 annual dividend and a $9.88 share price.

    What is PSBD's dividend per share?

    As of Nov 8, 2026, PSBD pays $1.44 per share per year, distributed on a quarterly basis.

    What is PSBD's dividend payout ratio?

    As of Nov 8, 2026, PSBD's payout ratio is 398% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has PSBD grown its dividend?

    PSBD does not currently have a long dividend-growth streak on record.

    When is the next PSBD ex-dividend date?

    As of Nov 8, 2026, the next ex-dividend date on record for PSBD is Dec 28, 2026.

    Income Calculator

    At $1.44 / yr per share

    Per payment (quarterly)$36.00
    Annual$144.00
    Monthly avg$12.00
    Full PSBD dividend calculator →

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