Eagle Point Credit Company Inc. (NYSE:ECCC – Get Free Report) declared a monthly dividend on Thursday, August 13th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.1354 per share on Monday, November 30th. This represents a $1.63 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Tuesday, November 10th.
Eagle Point Credit Stock Up 0.0%
Shares of NYSE ECCC opened at $23.90 on Friday. Eagle Point Credit has a 12-month low of $22.48 and a 12-month high of $25.50. The firm’s 50-day moving average is $24.58 and its two-hundred day moving average is $24.62.
Eagle Point Credit Company Profile
Eagle Point Credit Company, Inc is a closed-end investment company focused on the collateralized loan obligation (CLO) market. Its shares trade on the New York Stock Exchange under several symbols, including ECCC, which represents a series of the company’s preferred shares.
The company invests primarily in CLO equity and debt securities. These CLOs are backed mainly by portfolios of corporate loans, generally made to below-investment-grade businesses. Eagle Point’s investment strategy is designed to generate income and total returns through its exposure to these securities.
Eagle Point Credit Company is externally managed by Eagle Point Credit Management LLC.
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