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

Key Points

• Crescent Capital BDC, Inc. has declared a quarterly dividend of $0.42 per share, with an ex-dividend date set for September 30th and a payment date of October 15th.
• The company's current dividend payout ratio stands at 97.7%, indicating that while dividends are currently covered by earnings, future sustainability could be at risk if earnings decline.
• Crescent Capital BDC reported an earnings per share (EPS) of $0.46 for the quarter, meeting analyst expectations and showing a net margin of 26.20% alongside a revenue of $42.99 million.

Crescent Capital BDC, Inc. (NASDAQ:CCAP - Get Free Report) declared a quarterly dividend on Thursday, August 14th, Wall Street Journal reports. Shareholders of record on Tuesday, September 30th will be given a dividend of 0.42 per share on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 11.1%. The ex-dividend date is Tuesday, September 30th.

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 Trading Down 0.1%

CCAP stock traded down $0.01 during trading hours on Tuesday, reaching $15.16. 136,606 shares of the stock were exchanged, compared to its average volume of 212,296. The firm's 50-day moving average is $14.49 and its 200-day moving average is $15.98. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.27 and a quick ratio of 1.27. Crescent Capital BDC has a 12 month low of $13.54 and a 12 month high of $20.19.

Crescent Capital BDC (NASDAQ:CCAP - Get Free Report) last released its earnings results on Wednesday, August 13th. The company reported $0.46 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.46. Crescent Capital BDC had a return on equity of 10.55% and a net margin of 24.12%.The firm had revenue of $42.99 million during the quarter, compared to analysts' expectations of $42.52 million. As a group, sell-side analysts anticipate that Crescent Capital BDC will post 2.09 EPS for the current year.

Crescent Capital BDC Company Profile

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.