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

Crescent Capital BDC, Inc. (NASDAQ:CCAP) declared a special dividend on Wednesday, May 13th. Stockholders of record on Monday, November 30th will be paid a dividend of 0.03 per share on Tuesday, December 15th. The ex-dividend date of this dividend is Monday, November 30th.

Crescent Capital BDC has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 1 years. 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. Equities research analysts expect Crescent Capital BDC to earn $1.55 per share next year, which means the company may not be able to cover its $1.68 annual dividend with an expected future payout ratio of 108.4%.

Crescent Capital BDC Trading Down 8.3%

Shares of Crescent Capital BDC stock opened at $11.99 on Friday. The stock has a market cap of $443.27 million, a P/E ratio of 29.24 and a beta of 0.59. The stock’s 50 day simple moving average is $12.98 and its 200-day simple moving average is $13.78. Crescent Capital BDC has a 1-year low of $11.80 and a 1-year high of $16.40. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.22 and a quick ratio of 1.22.

Crescent Capital BDC (NASDAQ:CCAP) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. Crescent Capital BDC had a return on equity of 9.20% and a net margin of 9.26%.The firm had revenue of ($6.84) million for the quarter, compared to analysts’ expectations of $39.58 million. Analysts predict that Crescent Capital BDC will post 1.63 EPS for the current fiscal year.

About Crescent Capital BDC

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.