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

Eagle Point Credit Company Inc. (NYSE:ECCC) announced a monthly dividend on Thursday, February 15th, Wall Street Journal reports. Investors of record on Monday, May 13th will be paid a dividend of 0.1354 per share on Friday, May 31st. This represents a $1.63 dividend on an annualized basis and a yield of 7.24%. The ex-dividend date of this dividend is Friday, May 10th.

Eagle Point Credit Price Performance

Shares of NYSE ECCC opened at $22.43 on Wednesday. The firm’s 50-day moving average is $22.08 and its two-hundred day moving average is $21.74. Eagle Point Credit has a 12-month low of $20.24 and a 12-month high of $22.83.

Eagle Point Credit Company Profile

Eagle Point Credit Company Inc is a closed ended fund launched and managed by Eagle Point Credit Management LLC. It invests in fixed income markets of the United States. The fund invests equity and junior debt tranches of collateralized loan obligations consisting primarily of below investment grade U.S.