CCAP announces a reduced quarterly payout and a special $0.09 dividend amid undistributed taxable income adjustments.
Crescent Capital BDC (CCAP) reduced its quarterly dividend to $0.34 per share, a 19% decrease from the prior $0.42 payout. The move reflects adjustments to its distribution policy while maintaining a forward yield of 10.41%.
The new dividend is payable on July 15 for shareholders of record as of June 30, with the ex-dividend date also set for June 30. The company also declared a special cash dividend of $0.09 per share, tied to undistributed taxable income.
No immediate market reaction was disclosed in the announcement.