Crescent Capital BDC, Inc. (CCAP) To Go Ex-Dividend on May 30th

Crescent Capital BDC, Inc. (NASDAQ:CCAP) declared a dividend on Saturday, May 10th, NASDAQ Dividends reports. Investors of record on Friday, May 30th will be paid a dividend of 0.05 per share on Friday, June 13th. The ex-dividend date is Friday, May 30th.

Crescent Capital BDC has raised its dividend by an average of 0.6% annually over the last three years and has increased its dividend every year for the last 1 years. Crescent Capital BDC has a payout ratio of 88.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.

Crescent Capital BDC Stock Performance

Crescent Capital BDC stock opened at $16.05 on Monday. The stock’s 50-day moving average is $16.29 and its 200-day moving average is $18.15. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.32 and a quick ratio of 1.26. Crescent Capital BDC has a 12 month low of $13.54 and a 12 month high of $20.19. The company has a market cap of $594.81 million, a price-to-earnings ratio of 8.07 and a beta of 0.63.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CCAP. Wells Fargo & Company dropped their price target on Crescent Capital BDC from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. Keefe, Bruyette & Woods cut their price objective on Crescent Capital BDC from $20.00 to $18.50 and set an “outperform” rating on the stock in a research note on Tuesday, April 8th.

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.