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

Crescent Capital BDC, Inc. (NASDAQ:CCAP) declared a quarterly dividend on Wednesday, November 27th,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 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Friday, November 29th.

Crescent Capital BDC has a payout ratio of 81.6% meaning 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 $2.07 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 81.2%.

Crescent Capital BDC Stock Up 0.1 %

Shares of NASDAQ CCAP opened at $19.29 on Thursday. The business has a 50-day moving average of $18.57 and a two-hundred day moving average of $18.51. The company has a market capitalization of $714.89 million, a price-to-earnings ratio of 7.56 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 company has a debt-to-equity ratio of 1.14, a current ratio of 1.26 and a quick ratio of 1.26.

Analyst Ratings Changes

A number of brokerages recently issued reports on CCAP. Keefe, Bruyette & Woods upped their price target on Crescent Capital BDC from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Monday. LADENBURG THALM/SH SH initiated coverage on shares of Crescent Capital BDC in a research report on Monday, September 30th. They set a “buy” rating and a $20.00 price objective for the company. 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 research report on Wednesday, August 14th. Finally, Bank of America cut 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 note on Thursday, August 15th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.