Focuses man calculate expenses pay bills online getty Let's talk about a "rich guy loophole" that you and I can take advantage of—and bank dividends up to 12.5%. And no, I'm not going to ask for your most recent tax return or W2. These are perfectly legal "backdoor" divvies trading between $10 and $20 per share. A sweet setup by Congress has these payers yielding between 10.5% and 12.5%. The secret is the business development company. BDCs provide capital to small and midsized businesses. These firms often ...

Core Viewpoint - Crescent Capital (CCAP) has shown strong performance in Q2 2024, with improved portfolio quality and reduced leverage, leading to a positive outlook despite a slight decline in net investment income per share [1][3][4] Financial Performance - Q2 2024 net investment income per share was $0.59, a decrease of $0.04 from the previous quarter but an increase of $0.03 compared to the same period last year [3] - The decline in net investment income was primarily due to the normalization of non-recurring income, which had been unusually high in Q1 2024 [3] - CCAP's net asset value per share grew to $20.30, the highest since Q2 2022, and the company paid a base dividend of $0.42 per share along with a supplemental dividend of $0.09 per share, resulting in an annualized yield of 11.1% [3][4] Portfolio Quality - The weighted average portfolio grade remained at 2.1, with 89% of investments rated one and two, indicating strong quality [3] - CCAP maintained a low non-accrual position at 0.9% of the portfolio fair value, which is considered solid within the BDC segment [3] - Approximately 90% of CCAP's portfolio investments are in first lien loans across 20 non-cyclical sectors, supported by well-capitalized private equity sponsors [3] Market Position and Outlook - CCAP is well-positioned to grow its portfolio while maintaining high-quality standards, with expectations for stable or slightly growing net investment income results [3][4] - Middle market loan volume increased nearly 20% in the first half of 2024 compared to the second half of 2023, driven by refinancing activity [3] - CCAP deployed $119 million in Q2 2024, offsetting $73 million in exits, while maintaining quality standards with a weighted average loan-to-value of 31% [3] Debt Profile - CCAP has a back-end loaded debt maturity profile, with no debt maturities due until 2026, allowing for competitive pricing of loans and accretive spreads [3]

Crescent Capital BDC, Inc. (NASDAQ:CCAP) Q2 2024 Results Conference Call August 13, 2024 12:00 PM ET Company Participants Dan McMahon - Head of Investor Relations Jason Breaux - Chief Executive Officer Henry Chung - President Gerhard Lombard - Chief Financial Officer Conference Call Participants Robert Dodd - Raymond James Paul Johnson - KBW Finian O'Shea - Wells Fargo Derek Hewett - Bank of America Operator Good day, everyone and welcome to the Q2 2024 Crescent Capital BDC Earnings Conference Call. At this ...

Crescent Capital BDC (CCAP) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.72%. A quarter ago, it was expected that this company would post earnings of $0.59 per share when it actually produced earnings of $0.63, delivering a surprise of 6.78%. Over the last four quarters, the com ...

Crescent Capital BDC, Inc. Reports Second Quarter 2024 Earnings Results; Declares a Third Quarter Base Dividend of $0.42 Per Share, and a Second Quarter Supplemental Dividend of $0.09 Per Share LOS ANGELES, August 12, 2024 — Crescent Capital BDC, Inc. ("Crescent BDC" or "Company") (NASDAQ: CCAP) today reported net investment income of $0.59 per share and net income of $0.55 per share for the quarter ended June 30, 2024. Net asset value per share increased to $20.30 compared to $20.28 as of March 31, 2024. D ...

SNDF BU ST N i Crescent Capital BDC, Inc. (NASDAQ:CCAP) is a well-managed business development company with a distinct floating-rate focus, a First Lien-centric investment portfolio and very solid dividend pay-out metrics. Crescent Capital is also distributing a steady stream of growing, supplemental dividends to passive income investors and the valuation reflects a moderate margin of safety. I think that Crescent Capital will continue to pay supplemental dividends in the latter half of 2024 and possibly be ...

Crescent Capital BDC (CCAP) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. Therefore, the Zacks rating upgrade for Crescent Capital BDC basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. The change in a company's future earnings potential, as ...

#1: Crescent Capital At present, CCAP has a portfolio fair value of $1.56 billion, spread across 183 different companies. Most of interest-bearing investments (98%) are floating rate, which helps to boost CCAP's NII in the current high-interest rate environment. Investor Presentation | --- | --- | --- | --- | --- | --- | |-------|---------|---------|------------------------------------------------------------------------------------------------------------------------------|---------|---------| | 14.0% | 11 ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Bel ...

LOS ANGELES, June 04, 2024 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. ("Crescent BDC," the "Company") (NASDAQ:CCAP) today announced it will host an Analyst & Investor Day on Tuesday, June 11, 2024 via a live video stream. During the event, members of Crescent's leadership team will provide commentary on CCAP and a review of the Crescent platform and investment process. The presentation will begin at 6:00 p.m. Eastern Time. Contact: Dan McMahon daniel.mcmahon@crescentcap.com 212-364-0149 Forward-Looking ...