Crescent Capital BDC, Inc. (NASDAQ:CCAP) Shareholders Set to Receive $0.34 Quarterly Dividend

Crescent Capital BDC, Inc. (NASDAQ:CCAP) declared a quarterly dividend on Monday, November 9th. Stockholders of record on Thursday, December 31st will be paid a dividend of $0.34 per share on Friday, January 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 14.7%. The ex-dividend date of this dividend is Thursday, December 31st.

Crescent Capital BDC has a dividend payout ratio of 79.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Crescent Capital BDC to earn $1.42 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 95.8%.

Crescent Capital BDC Stock Down 1.5%

Shares of NASDAQ:CCAP opened at $9.24 on Tuesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.30 and a current ratio of 1.30. Crescent Capital BDC has a 52-week low of $8.40 and a 52-week high of $15.18. The company has a market capitalization of $340.49 million, a PE ratio of 5.70 and a beta of 0.56. The company has a fifty day moving average of $9.45 and a 200-day moving average of $11.56.

Crescent Capital BDC (NASDAQ:CCAP) last issued its quarterly earnings results on Monday, November 9th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. Crescent Capital BDC had a negative net margin of 2.02% and a positive return on equity of 9.02%. The business had revenue of $36.89 million for the quarter, compared to analysts’ expectations of $36.37 million. On average, equities analysts predict that Crescent Capital BDC will post 1.49 EPS for the current fiscal year.

Crescent Capital BDC Company Profile

Crescent Capital BDC, Inc is a business development company that provides financing to middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation by investing in privately negotiated debt and equity securities.

Its investment portfolio is focused primarily on senior secured loans, including first-lien and second-lien loans, as well as other debt investments and selected equity interests. Crescent Capital BDC generally works with established companies across a range of industries, providing capital for acquisitions, recapitalizations, refinancing, growth initiatives and other corporate purposes.

The company is externally managed by Crescent Cap Advisors LLC, an affiliate of Crescent Capital Group LP, an investment firm specializing in credit and alternative investments.