Crescent Capital BDC, Inc. (NASDAQ:CCAP) to Issue Dividend of $0.05

Crescent Capital BDC, Inc. (NASDAQ:CCAP - Get Free Report) announced a dividend on Monday, February 24th, NASDAQ Dividends reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.05 per share on Friday, March 14th. The ex-dividend date of this dividend is Friday, February 28th.

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

Crescent Capital BDC Trading Down 0.2 %

NASDAQ:CCAP traded down $0.03 during mid-day trading on Tuesday, hitting $18.20. The company had a trading volume of 106,421 shares, compared to its average volume of 105,620. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.26 and a current ratio of 1.32. Crescent Capital BDC has a fifty-two week low of $16.58 and a fifty-two week high of $20.19. The firm has a market cap of $674.53 million, a P/E ratio of 9.15 and a beta of 0.81. The business's fifty day moving average is $19.40 and its two-hundred day moving average is $18.89.

Crescent Capital BDC (NASDAQ:CCAP - Get Free Report) last announced 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). The firm had revenue of $46.40 million during the quarter, compared to analyst estimates of $47.27 million. Crescent Capital BDC had a net margin of 37.32% and a return on equity of 11.90%. As a group, research analysts expect that Crescent Capital BDC will post 2.09 earnings per share for the current year.

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Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CCAP shares. Wells Fargo & Company reduced their price target on shares of Crescent Capital BDC from $19.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Friday. Keefe, Bruyette & Woods lifted their target price on Crescent Capital BDC from $19.00 to $20.00 and gave the stock an "outperform" rating in a report on Monday, November 25th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $19.20.

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.