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

Eagle Point Credit Company Inc. (NYSE:ECCC) announced a monthly dividend on Tuesday, February 17th. Investors of record on Monday, May 11th will be given a dividend of 0.1354 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Monday, May 11th.

Eagle Point Credit Price Performance

ECCC traded up $0.18 on Tuesday, reaching $24.48. The stock had a trading volume of 10,434 shares, compared to its average volume of 4,848. Eagle Point Credit has a fifty-two week low of $21.87 and a fifty-two week high of $25.00. The firm has a 50-day moving average of $24.55 and a 200-day moving average of $23.86.

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.