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

Crescent Capital BDC, Inc. (NASDAQ:CCAP) declared a quarterly dividend on Tuesday, November 12th,Zacks Dividends reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.07 per share on Monday, December 16th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, November 29th.

Crescent Capital BDC has a dividend payout ratio of 82.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Crescent Capital BDC to earn $1.99 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 84.4%.

Crescent Capital BDC Price Performance

CCAP stock traded down $0.03 on Wednesday, reaching $18.78. 139,236 shares of the company’s stock were exchanged, compared to its average volume of 132,574. The stock has a fifty day moving average of $18.39 and a 200-day moving average of $18.40. The firm has a market cap of $695.99 million, a PE ratio of 7.37 and a beta of 0.81. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.17. Crescent Capital BDC has a twelve month low of $15.91 and a twelve month 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. Crescent Capital BDC had a net margin of 47.06% and a return on equity of 12.20%. The business had revenue of $48.95 million during the quarter, compared to the consensus estimate of $48.05 million. During the same quarter last year, the firm posted $0.56 EPS. As a group, equities analysts predict that Crescent Capital BDC will post 2.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CCAP. LADENBURG THALM/SH SH started coverage on Crescent Capital BDC in a research note on Monday, September 30th. They set a “buy” rating and a $20.00 price target on the stock. Wells Fargo & Company lowered 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. Finally, Bank of America cut their price target on Crescent Capital BDC from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

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.