Crescent Capital BDC, Inc. (CCAP) To Go Ex-Dividend on November 29th

Crescent Capital BDC, Inc. (NASDAQ:CCAP) announced a quarterly dividend on Tuesday, November 26th,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 is Friday, November 29th.

Crescent Capital BDC has a dividend payout ratio of 81.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Price Performance

Shares of Crescent Capital BDC stock opened at $19.27 on Wednesday. The firm has a market cap of $714.15 million, a PE ratio of 7.56 and a beta of 0.81. Crescent Capital BDC has a twelve month low of $15.91 and a twelve month high of $19.63. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.14. The business has a 50-day moving average price of $18.56 and a 200 day moving average price of $18.51.

Analysts Set New Price Targets

A number of research analysts have weighed in on CCAP shares. Bank of America decreased 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 Crescent Capital BDC in a report on Monday, September 30th. They issued a “buy” rating and a $20.00 target price for the company. Keefe, Bruyette & Woods lifted their price target on Crescent Capital BDC from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Wells Fargo & Company dropped their price objective on shares of Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, August 14th. One research 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 an average 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.