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

Crescent Capital BDC, Inc. (NASDAQ:CCAP) declared a quarterly dividend on Thursday, August 14th, Wall Street Journal reports. Investors of record on Tuesday, September 30th will be paid a dividend of 0.42 per share on Wednesday, October 15th. This represents a c) annualized dividend and a yield of 11.1%. The ex-dividend date is Tuesday, September 30th.

Crescent Capital BDC has a dividend payout ratio of 97.7% indicating that 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 0.7%

Shares of NASDAQ:CCAP opened at $15.13 on Friday. Crescent Capital BDC has a 12 month low of $13.54 and a 12 month high of $20.19. The firm’s 50-day moving average is $14.48 and its 200 day moving average is $16.06. The company has a current ratio of 1.27, a quick ratio of 1.09 and a debt-to-equity ratio of 1.22.

Crescent Capital BDC (NASDAQ:CCAP) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. The company had revenue of $42.99 million during the quarter, compared to analysts’ expectations of $42.52 million. Crescent Capital BDC had a net margin of 24.12% and a return on equity of 10.55%. As a group, sell-side analysts expect that Crescent Capital BDC will post 2.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CCAP has been the subject of several research reports. Keefe, Bruyette & Woods raised shares of Crescent Capital BDC from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, July 22nd. Wall Street Zen raised shares of Crescent Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Raymond James Financial lowered their price target on shares of Crescent Capital BDC from $20.00 to $17.00 and set an “outperform” rating for the company in a research report on Friday, May 16th. Finally, Wells Fargo & Company lowered their price target on shares of Crescent Capital BDC from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

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.