Crescent Capital BDC, Inc. (NASDAQ:CCAP) to Issue Quarterly Dividend of $0.42

Crescent Capital BDC, Inc. (NASDAQ:CCAP) declared a quarterly dividend on Wednesday, February 25th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.42 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 12.8%. The ex-dividend date of this dividend is Tuesday, March 31st.

Crescent Capital BDC has a dividend 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 Performance

Shares of NASDAQ CCAP traded down $0.10 during trading on Thursday, hitting $13.18. The company had a trading volume of 52,245 shares, compared to its average volume of 187,239. The firm has a market capitalization of $487.34 million, a P/E ratio of 13.44 and a beta of 0.55. Crescent Capital BDC has a 12 month low of $12.70 and a 12 month high of $18.57. The stock has a 50 day simple moving average of $14.26 and a 200 day simple moving average of $14.52. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.20 and a current ratio of 1.20.

Crescent Capital BDC (NASDAQ:CCAP) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. Crescent Capital BDC had a return on equity of 9.76% and a net margin of 20.84%.The business had revenue of $40.80 million for the quarter, compared to the consensus estimate of $39.83 million. As a group, analysts anticipate that Crescent Capital BDC will post 2.09 earnings per share for the current year.

Crescent Capital BDC Company Profile

Crescent Capital BDC, Inc is a closed-end, externally managed business development company that provides flexible financing solutions to middle market companies in the United States. Trading on the Nasdaq under the ticker CCAP, the firm offers investors exposure to a diversified portfolio of debt and equity instruments, targeting businesses with attractive risk-adjusted return profiles. Its primary objective is to generate current income through interest payments and potential capital appreciation via selective equity co-investments.

The company’s investment strategy emphasizes senior secured loans, unsecured second-lien loans, mezzanine debt, as well as preferred and common equity co-investments.