Business
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, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC” or “Company”) (NASDAQ: CCAP) today reported net investment income of
About this update from Crescent Capital Bdc, Inc.
[{"type":"text","content":"LOS ANGELES, Aug. 12, 2024 (GLOBE NEWSWIRE) -- 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. Dividend Declarations The Company’s Board of Directors (the “Board”) declared a third quarter 2024 regular cash dividend of $0.42 per share to stockholders of record as of September 30, 2024, payable on October 15, 2024. The Board also announced a second quarter 2024 supplemental cash dividend of $0.09 per share to stockholders of record as of August 31, 2024, payable on September 16, 2024. Selected Financial Highlights($ in millions, except per share amounts) As of and for the three months ended June 30, 2024 March 31, 2024 June 30, 2023 Investments, at fair value $ 1,610.8 $ 1,563.3 $ 1,581.1 Total assets $ 1,672.4 $ 1,620.4 $ 1,624.6 Total net assets $ 752.4 $ 751.7 $ 725.8 Net asset value per share $ 20.30 $ 20.28 $ 19.58 Investment income $ 48.9 $ 50.4 $ 46.7 Net investment income $ 21.7 $ 23.4 $ 20.6 Net realized gains (losses), net of taxes $ (4.1) $ (0.2) $ (6.6) Net change in unrealized gains (losses), net of taxes $ 2.8 $ 4.9 $ 8.6 Net increase (decrease) in net assets resulting from operations $ 20.4 $ 28.0 $ 22.6 Net investment income per share $ 0.59 $ 0.63 $ 0.56 Net realized gains (losses) per share, net of taxes $ (0.11) $ (0.00) $ (0.18) Net change in unrealized gains (losses) per share, net of taxes $ 0.07 $ 0.13 $ 0.23 Net increase (decrease) in net assets resulting from operations per share $ 0.55 $ 0.76 $ 0.61 Regular distributions paid per share $ 0.42 $ 0.41 $ 0.41 Supplemental distributions paid per share $ 0.11 $ 0.10 - Weighted average yield on income producing securities (at cost)1 12.2% 12.3% 11.7% Percentage of debt investments at floating rates 96.9% 97.5% 98.6% Portfolio & Investment Activity As of June 30, 2024 and December 31, 2023, the Company had investments in 183 and 186 portfolio companies with an aggregate fair value of $1,610.8 and $1,582.1 million, respectively. The portfolio at fair value was comprised of the following asset types: Portfolio Asset Types: As of $ in millions June 30, 2024 December 31, 2023 Investment Type Fair Value Percentage Fair Value Percent...