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

Eagle Point Credit Company Inc. (NYSE:ECCC) declared a monthly dividend on Tuesday, May 12th. Shareholders of record on Tuesday, August 11th will be paid a dividend of 0.1354 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date is Tuesday, August 11th.

Eagle Point Credit Stock Up 0.8%

Eagle Point Credit stock traded up $0.18 during trading hours on Wednesday, hitting $24.13. The stock had a trading volume of 7,804 shares, compared to its average volume of 6,730. Eagle Point Credit has a 12-month low of $22.12 and a 12-month high of $25.00. The stock’s 50-day moving average price is $24.38 and its 200-day moving average price is $24.25.

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.