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

Crescent Capital BDC, Inc. (NASDAQ:CCAP) announced a quarterly dividend on Friday, March 28th, 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 9.59%. 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% per year over the last three years. Crescent Capital BDC has a dividend payout ratio of 88.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.

Crescent Capital BDC Stock Down 1.5 %

Shares of NASDAQ CCAP opened at $17.52 on Friday. The company has a 50 day simple moving average of $18.60 and a 200 day simple moving average of $18.78. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.32 and a quick ratio of 1.26. Crescent Capital BDC has a 1 year low of $16.81 and a 1 year high of $20.19. The firm has a market cap of $649.33 million, a PE ratio of 8.80 and a beta of 0.82.

Crescent Capital BDC (NASDAQ:CCAP) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01). The business 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%. On average, research analysts forecast that Crescent Capital BDC will post 2.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company lowered their target price on Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently 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.