2024-07-10 05:40:53 ET
Summary
- Crescent Capital BDC, Inc. is a well-managed business development company with a floating-rate focus and solid dividend metrics.
- The company pays growing supplemental dividends and has a low pay-out ratio, but may face challenges in a lower-rate environment.
- Crescent Capital is trading at a 4% discount to book value, but may disappoint investors due to its aggressive floating-rate posture and potential impact of rate cuts.
Crescent Capital BDC, Inc. ( 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....
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Crescent Capital: A Fat 9% Yield, But Don't Chase It