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

Eagle Point Credit Company Inc. (NYSE:ECC) announced a monthly dividend on Tuesday, February 13th, Wall Street Journal reports. Stockholders of record on Monday, May 13th will be paid a dividend of 0.14 per share by the investment management company on Friday, May 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 16.33%. The ex-dividend date of this dividend is Friday, May 10th.

Eagle Point Credit has increased its dividend by an average of 87.7% annually over the last three years.

Eagle Point Credit Stock Performance

Eagle Point Credit stock opened at $10.29 on Thursday. The business has a 50 day moving average of $10.08 and a 200-day moving average of $9.82. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.60 and a quick ratio of 6.60. Eagle Point Credit has a 1 year low of $8.60 and a 1 year high of $11.78. The company has a market capitalization of $791.41 million, a P/E ratio of 5.78 and a beta of 0.76.

Eagle Point Credit (NYSE:ECC) last announced its earnings results on Thursday, February 22nd. The investment management company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.05). Eagle Point Credit had a return on equity of 14.27% and a net margin of 84.05%. The company had revenue of $39.39 million for the quarter, compared to the consensus estimate of $39.10 million. During the same period in the prior year, the business earned $0.29 earnings per share. On average, equities research analysts predict that Eagle Point Credit will post 1.39 earnings per share for the current year.

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.