Crescent Capital BDC, Inc. Plans Quarterly Dividend of $0.09 (NASDAQ:CCAP)

Crescent Capital BDC, Inc. (NASDAQ:CCAP) announced a quarterly dividend on Monday, August 12th, Zacks reports. Investors of record on Saturday, August 31st will be given a dividend of 0.09 per share on Monday, September 16th. This represents a $0.36 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Friday, August 30th.

Crescent Capital BDC has a payout ratio of 77.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Crescent Capital BDC to earn $2.16 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 77.8%.

Crescent Capital BDC Trading Up 0.5 %

NASDAQ CCAP traded up $0.08 on Wednesday, reaching $17.85. 137,256 shares of the company were exchanged, compared to its average volume of 142,075. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.11. The business’s fifty day moving average price is $18.75 and its 200 day moving average price is $17.72. The stock has a market capitalization of $661.56 million, a P/E ratio of 6.32 and a beta of 0.81. Crescent Capital BDC has a fifty-two week low of $15.03 and a fifty-two week high of $19.63.

Crescent Capital BDC (NASDAQ:CCAP) last announced its quarterly earnings results on Monday, August 12th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.01. The firm had revenue of $48.95 million for the quarter, compared to analysts’ expectations of $48.05 million. Crescent Capital BDC had a net margin of 53.32% and a return on equity of 11.99%. During the same quarter in the previous year, the company posted $0.56 EPS. Analysts forecast that Crescent Capital BDC will post 2.34 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on CCAP shares. Keefe, Bruyette & Woods raised their target price on Crescent Capital BDC from $18.50 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Raymond James lifted their price target on shares of Crescent Capital BDC from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Finally, Wells Fargo & Company decreased 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 report on Wednesday.

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.