Crescent Capital BDC, Inc. (NASDAQ:CCAP) Plans $0.07 Quarterly Dividend

Crescent Capital BDC, Inc. (NASDAQ:CCAP) announced a quarterly dividend on Tuesday, November 26th,Zacks Dividends reports. Investors of record on Friday, November 29th will be given a dividend of 0.07 per share on Monday, December 16th. This represents a $0.28 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Friday, November 29th.

Crescent Capital BDC has a dividend payout ratio of 81.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Crescent Capital BDC to earn $2.07 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 81.2%.

Crescent Capital BDC Stock Up 0.5 %

CCAP stock opened at $19.27 on Wednesday. The firm has a market capitalization of $714.15 million, a PE ratio of 7.56 and a beta of 0.81. The company’s 50 day simple moving average is $18.56 and its 200-day simple moving average is $18.51. Crescent Capital BDC has a 12 month low of $15.91 and a 12 month high of $19.63. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.26 and a quick ratio of 1.26.

Analyst Upgrades and Downgrades

CCAP has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their target price on Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 14th. Keefe, Bruyette & Woods raised their price target on shares of Crescent Capital BDC from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Monday. Bank of America reduced their price target on shares of Crescent Capital BDC from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Crescent Capital BDC in a research note on Monday, September 30th. They issued a “buy” rating and a $20.00 target price on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Crescent Capital BDC has a consensus rating of “Moderate Buy” and a consensus price target of $19.17.

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.