Crescent Capital BDC, Inc. (NASDAQ:CCAP – Get Free Report) 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.
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.
Get Our Latest Stock Report on Crescent Capital BDC
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.
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