Crescent Capital BDC Stock News

Crescent Capital BDC remains a hold as portfolio growth stalls and NAV continues its downward trend despite a high 12.5% dividend yield. CCAP trades at a 22.4% discount to NAV, but rising non-accruals and limited new investment activity raise concerns about value and sustainability. Net investment income covers the dividend with a 110% payout ratio, supporting stable distributions and occasiona...

LOS ANGELES & LONDON--(BUSINESS WIRE)--Crescent Capital Group LP, a leading alternative credit investment firm, announced today the hiring of Juan Grana as Managing Director to head the firm's bank capital solutions team focusing on credit risk-sharing transactions. In addition, Doran Chernichen will also be joining the bank capital solutions team as Managing Director. Both will be based in the...

14 BDCs have base dividend coverage levels between 100% and 105%. 16 BDCs have them already below 100%. Given the unfavorable future earnings outlook, a system-wide BDC dividend cutting process is very likely to start quite soon.

Crescent Capital BDC, Inc. faces an 18% YTD stock price drop, and it left its investors wondering whether it's time to sell or buy more. CCAP's floating-rate debt portfolio makes it highly sensitive to Fed rate cuts, pressuring net investment income and dividend coverage. Rising non-accruals and deteriorating internal performance ratings signal increased credit risk within CCAP's portfolio.

The BDC sector faces headwinds from thin dividend coverage, falling base rates, and compressed spreads, threatening earnings and payouts. Many BDCs may be forced to cut dividends by 2026, negatively impacting total returns, as most income is generated from dividends. Despite sector challenges, select BDCs offer sustainable dividends and solid total return potential, though many trade at overval...

BofA Securities is the investment banking and capital markets division of Bank of America, one of the largest financial institutions in the United States.

CCAP offers a compelling 11% dividend yield and trades at a steep 22% discount to NAV, providing a strong margin of safety. The portfolio is anchored by 91% first-lien loans and 99% sponsor-backed positions, helping to ensure high credit quality and stability. Recent earnings show improving NII coverage and special dividends, supporting both income and total return potential for investors.

Caring about dividends can increase our returns, but caring about NAV can save our portfolio. Return and NAV protection must go hand in hand, because there can be no sustainable return without protecting the value of the underlying assets. As far as I am concerned, the way to protect my portfolio is to favor only securities with a positive NAV over time.