Crescent Capital BDC, Inc. (NASDAQ:CCAP) Shares to Pay Quarterly Dividend of $0.34

Crescent Capital BDC, Inc. (NASDAQ:CCAP) declared a quarterly dividend on Monday, November 9th. Stockholders of record on Thursday, December 31st will be given a dividend of $0.34 per share on Friday, January 15th. This represents a $1.36 annualized dividend and a dividend yield of 14.7%. The ex-dividend date is Thursday, December 31st.

Crescent Capital BDC has a payout ratio of 79.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Crescent Capital BDC to earn $1.42 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 95.8%.

Crescent Capital BDC Stock Performance

NASDAQ CCAP opened at $9.24 on Tuesday. The business’s 50 day moving average price is $9.45 and its 200-day moving average price is $11.56. Crescent Capital BDC has a fifty-two week low of $8.40 and a fifty-two week high of $15.18. The company has a market cap of $340.49 million, a P/E ratio of 5.70 and a beta of 0.56. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.30 and a current ratio of 1.30.

Crescent Capital BDC (NASDAQ:CCAP) last issued its quarterly earnings results on Monday, November 9th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The company had revenue of $36.89 million during the quarter, compared to the consensus estimate of $36.37 million. Crescent Capital BDC had a positive return on equity of 9.02% and a negative net margin of 2.02%. Sell-side analysts predict that Crescent Capital BDC will post 1.49 earnings per share for the current year.

Crescent Capital BDC Company Profile

Crescent Capital BDC, Inc is a business development company that provides financing to middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation by investing in privately negotiated debt and equity securities.

Its investment portfolio is focused primarily on senior secured loans, including first-lien and second-lien loans, as well as other debt investments and selected equity interests. Crescent Capital BDC generally works with established companies across a range of industries, providing capital for acquisitions, recapitalizations, refinancing, growth initiatives and other corporate purposes.

The company is externally managed by Crescent Cap Advisors LLC, an affiliate of Crescent Capital Group LP, an investment firm specializing in credit and alternative investments.