Crescent Capital BDC, Inc. to Issue Quarterly Dividend of $0.42 (NASDAQ:CCAP)

Crescent Capital BDC, Inc. (NASDAQ:CCAP) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.42 per share on Tuesday, April 15th. This represents a $1.68 annualized dividend and a yield of 8.81%. The ex-dividend date is Monday, March 31st.

Crescent Capital BDC has increased its dividend by an average of 0.6% per year over the last three years. Crescent Capital BDC has a dividend 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 fall.

Crescent Capital BDC Trading Down 4.7 %

Shares of CCAP stock opened at $19.06 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $706.33 million, a PE ratio of 9.58 and a beta of 0.81. The company has a 50-day moving average of $19.46 and a two-hundred day moving average of $18.86. Crescent Capital BDC has a 1-year low of $16.38 and a 1-year high of $20.19.

Crescent Capital BDC (NASDAQ:CCAP) last announced its earnings results on Wednesday, February 19th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). The company had revenue of $46.40 million for the quarter, compared to analysts’ expectations of $47.27 million. Crescent Capital BDC had a return on equity of 11.86% and a net margin of 37.32%. On average, analysts predict that Crescent Capital BDC will post 2.09 EPS for the current year.

Analyst Ratings Changes

CCAP has been the topic of several research reports. Keefe, Bruyette & Woods increased their price target on shares of Crescent Capital BDC from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Wells Fargo & Company raised their target price on shares of Crescent Capital BDC from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Crescent Capital BDC has a consensus rating of “Moderate Buy” and a consensus target price of $19.33.

Crescent Capital BDC Company Profile

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.