Crescent Capital BDC, Inc. (NASDAQ:CCAP) Plans Dividend of $0.05

Crescent Capital BDC, Inc. (NASDAQ:CCAP) announced a dividend on Tuesday, February 25th, NASDAQ Dividends reports. Investors of record on Friday, February 28th will be given a dividend of 0.05 per share on Friday, March 14th. The ex-dividend date of this dividend is Friday, February 28th.

Crescent Capital BDC has increased its dividend by an average of 0.6% annually over the last three years. Crescent Capital BDC has a payout ratio of 88.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

Crescent Capital BDC Stock Up 0.2 %

Shares of NASDAQ CCAP opened at $18.27 on Wednesday. The business has a 50-day simple moving average of $19.37 and a two-hundred day simple moving average of $18.89. Crescent Capital BDC has a 52 week low of $16.58 and a 52 week high of $20.19. The company has a market cap of $677.12 million, a P/E ratio of 9.18 and a beta of 0.81. The company has a quick ratio of 1.26, a current ratio of 1.32 and a debt-to-equity ratio of 1.18.

Crescent Capital BDC (NASDAQ:CCAP) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The business had revenue of $46.40 million for the quarter, compared to the consensus estimate of $47.27 million. Crescent Capital BDC had a net margin of 37.32% and a return on equity of 11.90%. Research analysts anticipate that Crescent Capital BDC will post 2.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, February 21st. Keefe, Bruyette & Woods increased their target price on Crescent Capital BDC from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $19.20.

About Crescent Capital BDC

Crescent Capital BDC, Inc is as a business development company private equity / buyouts and loan fund. It specializes in directly investing. It specializes in middle market. The fund seeks to invest in United States.