Crescent Capital BDC, Inc. (CCAP) to Issue Dividend of $0.05 on March 14th

Crescent Capital BDC, Inc. (NASDAQ:CCAP) declared a dividend on Tuesday, February 25th, NASDAQ Dividends reports. Shareholders of record on Friday, February 28th will be given 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 payment by an average of 0.6% annually over the last three years. Crescent Capital BDC has a payout ratio of 88.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

Crescent Capital BDC Stock Up 0.2 %

CCAP stock opened at $18.27 on Wednesday. The stock has a market cap of $677.12 million, a P/E ratio of 9.18 and a beta of 0.81. The company has a current ratio of 1.32, a quick ratio of 1.26 and a debt-to-equity ratio of 1.18. The stock’s fifty day simple moving average is $19.37 and its two-hundred day simple moving average is $18.89. Crescent Capital BDC has a 1-year low of $16.58 and a 1-year high of $20.19.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods increased their target price on shares of Crescent Capital BDC from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. Wells Fargo & Company reduced their price objective on Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Crescent Capital BDC currently has an average rating of “Moderate Buy” and an average price target of $19.20.

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.