- Crescent Capital (CCAP) announced a $0.05/share cash dividend for Aug 29 ex-dividend, Sep 15 payment, marking a sharp decline from its 10-year average of $0.29/share.
- The company plans to merge with another entity by year-end 2025, with Crescent shareholders owning 77% of the combined firm, while BI Asset Management recently acquired 18,078 shares, signaling institutional interest.
- Q2 earnings of $0.46/share matched estimates, and analysts highlight an 11% dividend yield and 22% discount to NAV, offering a strong safety margin for investors.
- Options activity has surged ahead of key dates, with five Buy ratings and a $16.38 average price target reflecting positive investor sentiment.
Comments
No comments yet