Crescent Capital BDC, Inc. (NASDAQ:CCAP) Declares $0.42 Quarterly Dividend

Crescent Capital BDC, Inc. (NASDAQ:CCAP) announced a quarterly dividend on Wednesday, November 12th. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.42 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%. The ex-dividend date is Wednesday, December 31st.

Crescent Capital BDC has a payout ratio of 97.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

Crescent Capital BDC Stock Down 4.0%

CCAP stock traded down $0.58 during trading on Thursday, reaching $13.66. 80,689 shares of the stock traded hands, compared to its average volume of 192,392. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.27 and a quick ratio of 1.27. The business’s 50 day moving average price is $14.60 and its 200-day moving average price is $14.87. Crescent Capital BDC has a 52-week low of $13.31 and a 52-week high of $20.19.

Crescent Capital BDC (NASDAQ:CCAP) last posted its earnings results on Wednesday, November 12th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The business had revenue of $41.35 million for the quarter, compared to analyst estimates of $42.35 million. Crescent Capital BDC had a return on equity of 10.55% and a net margin of 24.12%. On average, equities research analysts anticipate that Crescent Capital BDC will post 2.09 earnings per share for the current fiscal year.

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.