Eagle Point Credit Company Inc. Announces Monthly Dividend of $0.14 (NYSE:ECCC)

Eagle Point Credit Company Inc. (NYSE:ECCC) announced a monthly dividend on Tuesday, May 12th. Stockholders of record on Tuesday, August 11th will be paid a dividend of 0.1354 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Tuesday, August 11th.

Eagle Point Credit Stock Performance

Shares of ECCC stock traded up $0.18 during trading hours on Wednesday, reaching $24.13. The company had a trading volume of 10,056 shares, compared to its average volume of 6,734. The business has a fifty day moving average price of $24.38 and a 200-day moving average price of $24.25. Eagle Point Credit has a one year low of $22.12 and a one year high of $25.00.

Institutional Trading of Eagle Point Credit

A hedge fund recently bought a new stake in Eagle Point Credit stock. Karpus Management Inc. bought a new stake in shares of Eagle Point Credit Company Inc. (NYSE:ECCC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 61,395 shares of the company’s stock, valued at approximately $1,523,000.

About Eagle Point Credit

Eagle Point Credit Company (NYSE: ECCC) is a closed-end management investment company that specializes in structured finance assets. Since its formation in January 2018, the company has pursued a strategy aimed at generating current income and capital appreciation by investing in a diversified portfolio of collateralized loan obligations (CLOs) and other structured credit instruments. Eagle Point Credit’s investment mandate encompasses both equity and debt tranches of CLOs, as well as select specialty finance exposures, allowing it to capture opportunities across the capital structure.

The firm’s portfolio is predominantly concentrated in U.S.-domiciled collateral vehicles, with the flexibility to allocate to European and other developed-market credits when attractive risk-adjusted returns are available.