Key Highlights

  • Pershing Square’s $0.103 quarterly Dividend trades ex-dividend October 9, 2026, with payment on October 20.
  • Total Assets under management were $32,487 million at June 30, 2026, compared with $26,602 million at March 31.
  • Distributable Earnings (non-GAAP) were $54,271 thousand, or $0.14 per share, compared with $49,533 thousand, or $0.12.
  • The GAAP net loss attributable to the company was $(42,695) thousand, or $(0.11) per share, compared with income of $0.06.

Pershing Square Inc. (NYSE:PS) declared a quarterly Cash Dividend of $0.103 per share, or $0.412 annualized (computed), a Yield of 0.70%, payable October 20, with shares trading ex-dividend on October 9, 2026. The $0.103 amount equals 73.6% of second-quarter distributable earnings of $0.14 per share (non-GAAP). Total Revenue was $54,177 thousand.

Dividend Program and Shareholder Returns

The company announced the $0.103 dividend on October 2, 2026, payable October 20. The shares trade ex-dividend on October 9. The release states that future dividends are at the sole discretion of the board, may vary from quarter to quarter, and may change at any time.

The second-quarter dividend was $0.122 per share, paid July 21, so the fourth-quarter amount is 15.6% lower, a computed change. The $0.103 quarterly amount equals $0.412 on an annualized basis, also computed. Each dividend remains subject to board approval.

About the Company

Pershing Square Inc. is an asset management company that completed its initial public offering on April 30, 2026. At June 30, 2026, fee-paying assets under management were $22,258 million, and the company stated that 98% of fee-paying assets under management were permanent capital, or $21.8 billion of $22.3 billion.

Second-Quarter Revenue, Fees and Earnings

Total revenue was $54,177 thousand, compared with $53,179 thousand.

The net loss attributable to Pershing Square Inc. was $(42,695) thousand, compared with income of $23,670 thousand a year earlier, and the loss was $(0.11) per basic and diluted share, compared with income of $0.06. Profit-sharing compensation was $69.3 million, compared with $8.4 million.

Non-GAAP Earnings and Assets Under Management

Fee-related earnings (non-GAAP) were $56,061 thousand. Distributable earnings (non-GAAP) were $54,271 thousand, or $0.14 per share, compared with $49,533 thousand, or $0.12.

Starting in the third quarter of 2026, distributable earnings will reflect the estimated current income tax provision for the period, and no taxes were reflected for the second quarter. Total assets under management rose from $26,602 million at March 31 to $32,487 million at June 30.

Dividend and Asset Relationships

Total assets under management rose $5,885 million in the quarter, or 22.1%, both computed. Fee-paying assets under management of $22,258 million equal 68.5% of the total.

The second-quarter dividend of $0.122 equals 87.1% of distributable earnings of $0.14 per share, a computed ratio. The GAAP loss of $(42,695) thousand reverses a prior-year profit of $23,670 thousand, a swing of $66,365 thousand, computed from the reported figures. Total assets under management exceed fee-paying assets by $10,229 million, and $21.8 billion of permanent Capital equals about 97.8% of the rounded $22.3 billion fee-paying total, both computed.

Distributable earnings of $54,271 thousand rose 9.6% from $49,533 thousand, and the per-share figure rose 16.7%, both computed. Distributable earnings equal 96.8% of fee-related earnings of $56,061 thousand (non-GAAP), also computed. Profit-sharing compensation rose $60.9 million, or 8.25 times the prior-year $8.4 million, and total revenue rose 1.9%, both computed from the reported figures.

Outlook

Pershing Square’s $0.103 quarterly dividend is payable October 20, with shares trading ex-dividend on October 9, 2026. The introduction of income taxes into distributable earnings from the third quarter, the 98% permanent capital share of fee-paying assets, the $32,487 million of assets under management, the $69.3 million of profit-sharing compensation, and the 15.6% reduction from the prior $0.122 dividend are the relevant considerations.