Crescent Capital BDC, Inc. (CCAP) to Issue Quarterly Dividend of $0.42 on April 15th

Crescent Capital BDC, Inc. (NASDAQ:CCAP) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders 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 dividend yield of 9.12%. The ex-dividend date is Monday, March 31st.

Crescent Capital BDC has raised its dividend payment by an average of 0.6% annually over the last three years. Crescent Capital BDC has a 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 decline.

Crescent Capital BDC Stock Down 3.3 %

Shares of NASDAQ CCAP opened at $18.42 on Friday. The stock has a market cap of $682.50 million, a P/E ratio of 9.25 and a beta of 0.81. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.14. Crescent Capital BDC has a 12-month low of $16.58 and a 12-month high of $20.19. The business’s fifty day simple moving average is $19.43 and its 200-day simple moving average is $18.87.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods raised their price target on Crescent Capital BDC from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. Wells Fargo & Company cut their price target on Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Friday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Crescent Capital BDC currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.17.

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.