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 paid a dividend of 0.07 per share on Monday, December 16th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date 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 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 Stock Down 0.1 %

Shares of Crescent Capital BDC stock traded down $0.02 during midday trading on Wednesday, hitting $18.79. The company had a trading volume of 124,019 shares, 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 has a debt-to-equity ratio of 1.17, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $696.36 million, a P/E ratio of 7.37 and a beta of 0.81. The company has a 50 day moving average of $18.39 and a 200 day moving average of $18.40.

Crescent Capital BDC (NASDAQ:CCAP) last posted 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 firm earned $0.56 EPS. On average, equities analysts predict that Crescent Capital BDC will post 2.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.