Palmer Square Capital BDC (PSBD) – Among the Top 10 Dividend Stocks with 10%+ Yield

With an annual dividend yield of 15.03%, Palmer Square Capital BDC Inc. (NYSE:PSBD) is included among the Top 10 Dividend Stocks with 10%+ Yield.

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On June 24, Lucid Capital initiated coverage of Palmer Square Capital BDC Inc. (NYSE:PSBD) with a Neutral rating and a $11.50 price target. The firm said the recent weakness in net asset value was driven more by mark-to-market pressure caused by wider spreads and market volatility than by deteriorating credit fundamentals. It also noted that the stock’s 13.8% dividend yield and share repurchase program “provide additional support to shareholder returns.” At the same time, the analyst said Palmer Square’s share discount appropriately reflects a more volatile net asset value and a less robust earnings profile than its peers, according to a research note.

On May 28, RBC Capital lowered its price recommendation on PSBD to $11 from $12. It reiterated a Sector Perform rating on the shares. The firm revised its estimates following the company’s first-quarter results, noting that the sequential decline in net asset value was driven by pricing in the liquid loan market as spreads widened, rather than by credit-related issues, the analyst told investors in a research note.

Palmer Square Capital BDC Inc. (NYSE:PSBD) is an externally managed, non-diversified closed-end management investment company.

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