Crescent Capital BDC, Inc. (NASDAQ:CCAP) Announces $0.42 Quarterly Dividend

Crescent Capital BDC, Inc. (NASDAQ:CCAP - Get Free Report) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.42 per share on Tuesday, April 15th. This represents a $1.68 annualized dividend and a dividend yield of 9.22%. The ex-dividend date of this dividend 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% 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 Performance

Crescent Capital BDC stock traded down $0.21 during trading hours on Monday, hitting $18.23. The stock had a trading volume of 245,195 shares, compared to its average volume of 105,737. Crescent Capital BDC has a fifty-two week low of $16.58 and a fifty-two week high of $20.19. The company has a market cap of $675.60 million, a PE ratio of 9.16 and a beta of 0.81. The company has a 50-day moving average of $19.40 and a two-hundred day moving average of $18.89. The company has a quick ratio of 1.26, a current ratio of 1.32 and a debt-to-equity ratio of 1.18.

Crescent Capital BDC (NASDAQ:CCAP - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.01). The business had revenue of $46.40 million for the quarter, compared to the consensus estimate of $47.27 million. Crescent Capital BDC had a return on equity of 11.90% and a net margin of 37.32%. On average, equities research analysts anticipate that Crescent Capital BDC will post 2.09 EPS for the current fiscal year.

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Analyst Upgrades and Downgrades

A number of brokerages recently commented on CCAP. Wells Fargo & Company decreased their price objective on Crescent Capital BDC from $19.00 to $18.00 and set an "equal weight" rating for the company in a research note 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 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, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.