Crescent Capital BDC, Inc. Announces Quarterly Dividend of $0.07 (NASDAQ:CCAP)

Crescent Capital BDC, Inc. (NASDAQ:CCAP) announced a quarterly dividend on Wednesday, November 27th,Zacks Dividends reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.07 per share on Monday, December 16th. This represents a $0.28 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Friday, November 29th.

Crescent Capital BDC has a payout ratio of 81.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Crescent Capital BDC to earn $2.07 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 81.2%.

Crescent Capital BDC Price Performance

Crescent Capital BDC stock opened at $19.29 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.26 and a quick ratio of 1.26. The business has a 50 day simple moving average of $18.57 and a 200-day simple moving average of $18.51. Crescent Capital BDC has a 12 month low of $15.91 and a 12 month high of $19.63. The stock has a market capitalization of $714.89 million, a PE ratio of 7.56 and a beta of 0.81.

Analyst Ratings Changes

A number of equities analysts have commented on CCAP shares. Keefe, Bruyette & Woods upped their price objective on shares of Crescent Capital BDC from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday. Bank of America cut their price target on shares of Crescent Capital BDC from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Wells Fargo & Company reduced their price objective on shares of Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 14th. Finally, LADENBURG THALM/SH SH assumed coverage on Crescent Capital BDC in a research report on Monday, September 30th. They set a “buy” rating and a $20.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.17.

About Crescent Capital BDC

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.