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Jun 30, 2023

Crescent Capital BDC Q2 2023 Earnings Report

Reported net investment income and net asset value per share, declared a regular dividend, and announced an inaugural supplemental dividend.

Key Takeaways

Crescent Capital BDC reported a net investment income of $20.6 million, or $0.56 per share, for the quarter ended June 30, 2023. The net asset value per share was $19.58 at the end of the quarter. The company declared a regular cash dividend of $0.41 per share for Q3 2023 and an inaugural quarterly supplemental dividend of $0.08 per share.

Net investment income was $20.6 million, or $0.56 per share.

Net asset value per share was $19.58.

A regular cash dividend of $0.41 per share was declared for the third quarter of 2023.

An inaugural quarterly supplemental dividend of $0.08 per share was announced.

Total Revenue
$46.7M
Previous year: $26.8M
+74.6%
EPS
$0.56
Previous year: $0.41
+36.6%
Yield on Income Securities
11.7%
Previous year: 8.3%
+41.0%
Floating Rate Debt %
98.6%
Previous year: 98.7%
-0.1%
Debt-to-Equity Ratio
1.19
Cash and Equivalents
$21.5M
Previous year: $18.9M
+13.6%
Total Assets
$1.62B
Previous year: $1.32B
+22.8%

Crescent Capital BDC

Crescent Capital BDC

Forward Guidance

The Company’s Board expects to declare, when applicable, a formula-based quarterly supplemental dividend in an amount to be determined each quarter, in addition to a quarterly base dividend of $0.41 per share. No other forward guidance was provided.