Palmer Square Capital BDC (PSBD) said Monday it will distribute a quarterly base dividend of $0.36 per share, payable on April 10 to stockholders of record on March 28.

The base dividend was cut from $0.42 per share.

The business development company also said its board approved a supplemental quarterly dividend of $0.03 per share, payable on April 10.

Shares were 0.7% higher in early trading.

Price: 14.59, Change: +0.10, Percent Change: +0.66