Eagle Point Credit Company Inc. (ECCC) To Go Ex-Dividend on March 11th

Eagle Point Credit Company Inc. (NYSE:ECCC) announced a monthly dividend on Thursday, November 13th. Shareholders of record on Wednesday, March 11th will be paid a dividend of 0.1354 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date is Wednesday, March 11th.

Eagle Point Credit Trading Down 0.6%

Shares of NYSE ECCC opened at $23.99 on Monday. The business’s fifty day simple moving average is $24.53 and its 200-day simple moving average is $23.98. Eagle Point Credit has a 12-month low of $21.87 and a 12-month high of $25.00.

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.