Crescent Capital BDC, Inc. Announces Dividend of $0.05 (NASDAQ:CCAP)

Crescent Capital BDC, Inc. (NASDAQ:CCAP) announced a dividend on Friday, February 21st, NASDAQ Dividends reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.05 per share on Friday, March 14th. The ex-dividend date of this dividend is Friday, February 28th.

Crescent Capital BDC has raised its dividend by an average of 0.6% annually over the last three years. Crescent Capital BDC has a payout ratio of 88.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

Crescent Capital BDC Trading Down 3.3 %

Shares of Crescent Capital BDC stock traded down $0.64 during midday trading on Friday, reaching $18.42. The company had a trading volume of 409,726 shares, compared to its average volume of 92,270. The stock has a fifty day moving average price of $19.43 and a 200 day moving average price of $18.87. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.32 and a quick ratio of 1.26. The firm has a market cap of $682.46 million, a PE ratio of 9.25 and a beta of 0.81. Crescent Capital BDC has a fifty-two week low of $16.58 and a fifty-two week high of $20.19.

Crescent Capital BDC (NASDAQ:CCAP) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The company had revenue of $46.40 million during the quarter, compared to analyst estimates of $47.27 million. Crescent Capital BDC had a return on equity of 11.90% and a net margin of 37.32%. On average, equities analysts anticipate that Crescent Capital BDC will post 2.09 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods lifted their price objective on Crescent Capital BDC from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Wells Fargo & Company cut their price objective on Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Crescent Capital BDC presently has a consensus rating of “Moderate Buy” and a consensus price target 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.