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

Crescent Capital BDC, Inc. (NASDAQ:CCAP - Get Free Report) declared a quarterly dividend on Wednesday, August 14th, Wall Street Journal reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.42 per share on Tuesday, October 15th. This represents a $1.68 annualized dividend and a dividend yield of 9.43%. The ex-dividend date is Monday, September 30th. This is an increase from Crescent Capital BDC's previous quarterly dividend of $0.09.

Crescent Capital BDC has a dividend payout ratio of 77.8% 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 $2.16 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 77.8%.

Crescent Capital BDC Stock Performance

Shares of NASDAQ CCAP traded up $0.05 during midday trading on Wednesday, hitting $17.82. 203,571 shares of the company's stock were exchanged, compared to its average volume of 142,500. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.11. Crescent Capital BDC has a 12 month low of $15.03 and a 12 month high of $19.63. The company's 50 day moving average price is $18.74 and its 200 day moving average price is $17.73. The firm has a market capitalization of $660.44 million, a PE ratio of 6.34 and a beta of 0.81.

Crescent Capital BDC (NASDAQ:CCAP - Get Free Report) last released its quarterly earnings results on Monday, August 12th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.01. The business had revenue of $48.95 million during the quarter, compared to analysts' expectations of $48.05 million. Crescent Capital BDC had a return on equity of 11.99% and a net margin of 53.32%. During the same period last year, the firm posted $0.56 EPS. As a group, analysts predict that Crescent Capital BDC will post 2.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on CCAP shares. Wells Fargo & Company dropped their price target on Crescent Capital BDC from $19.00 to $18.00 and set an "equal weight" rating for the company in a report on Wednesday. Keefe, Bruyette & Woods lifted their price target on Crescent Capital BDC from $18.50 to $19.00 and gave the stock an "outperform" rating in a report on Thursday, May 23rd. Finally, Raymond James lifted their price target on Crescent Capital BDC from $18.00 to $19.00 and gave the stock an "outperform" rating in a report on Friday, May 10th.

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.