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

Crescent Capital BDC, Inc. (NASDAQ:CCAP) declared a quarterly dividend on Tuesday, November 12th,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 1.49%. The ex-dividend date of this dividend is Friday, November 29th.

Crescent Capital BDC has a payout ratio of 82.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Crescent Capital BDC to earn $1.99 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 84.4%.

Crescent Capital BDC Price Performance

Shares of NASDAQ CCAP traded down $0.02 during mid-day trading on Wednesday, reaching $18.79. 124,019 shares of the company were exchanged, compared to its average volume of 132,457. Crescent Capital BDC has a 52 week low of $15.91 and a 52 week high of $19.63. The company’s 50 day moving average price is $18.39 and its 200 day moving average price is $18.40. The stock has a market capitalization of $696.36 million, a PE ratio of 7.37 and a beta of 0.81. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.17.

Crescent Capital BDC (NASDAQ:CCAP) last issued its quarterly earnings results on Monday, August 12th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.01. The firm had revenue of $48.95 million during the quarter, compared to analyst estimates of $48.05 million. Crescent Capital BDC had a return on equity of 12.20% and a net margin of 47.06%. During the same quarter in the previous year, the company posted $0.56 earnings per share. Sell-side analysts forecast that Crescent Capital BDC will post 2.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CCAP has been the topic of a number of recent research reports. Bank of America reduced their price target on shares of Crescent Capital BDC from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. LADENBURG THALM/SH SH initiated coverage on Crescent Capital BDC in a research note on Monday, September 30th. They issued a “buy” rating and a $20.00 target price for the company. Finally, Wells Fargo & Company reduced their price target on Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $19.00.

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.