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

Eagle Point Credit Company Inc. (NYSE:ECCC) declared a monthly dividend on Thursday, August 13th. Investors of record on Tuesday, October 13th will be paid a dividend of 0.1354 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Tuesday, October 13th.

Eagle Point Credit Price Performance

Shares of ECCC traded down $0.04 during midday trading on Thursday, reaching $24.68. The stock had a trading volume of 880 shares, compared to its average volume of 5,602. The company’s fifty day simple moving average is $24.85 and its two-hundred day simple moving average is $24.59. Eagle Point Credit has a 1-year low of $23.02 and a 1-year high of $25.10.

Eagle Point Credit Company Profile

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.