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

Crescent Capital BDC, Inc. (NASDAQ:CCAP) announced a quarterly dividend on Tuesday, November 12th,Zacks Dividends reports. Investors 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% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities 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 CCAP opened at $18.78 on Thursday. The stock has a market cap of $695.99 million, a P/E ratio of 7.37 and a beta of 0.81. Crescent Capital BDC has a 1 year low of $15.91 and a 1 year high of $19.63. The stock’s 50-day moving average price is $18.39 and its two-hundred day moving average price is $18.40. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.17.

Crescent Capital BDC (NASDAQ:CCAP) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $48.05 million. Crescent Capital BDC had a net margin of 47.06% and a return on equity of 12.20%. During the same quarter last year, the firm earned $0.56 EPS. On average, equities analysts predict that Crescent Capital BDC will post 2.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CCAP. 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 report on Monday, September 30th. They set a “buy” rating and a $20.00 price target on the stock. Finally, Wells Fargo & Company dropped their target price on shares of Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 14th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus 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.