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

Eagle Point Credit Company Inc. (NYSE:ECCC) announced 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 Stock Performance

Shares of NYSE ECCC traded down $0.04 during midday trading on Thursday, reaching $24.68. 880 shares of the company were exchanged, compared to its average volume of 5,602. Eagle Point Credit has a 1 year low of $23.02 and a 1 year high of $25.10. The stock has a fifty day simple moving average of $24.85 and a 200 day simple moving average of $24.59.

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.