Eagle Point Credit Company Inc. (NYSE:ECC – Get Free Report) announced a monthly dividend on Tuesday, February 13th, Wall Street Journal reports. Investors 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 annualized dividend and a dividend yield of 16.33%. The ex-dividend date 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 Up 0.3 %
ECC opened at $10.29 on Thursday. The company has a market cap of $791.41 million, a price-to-earnings ratio of 5.78 and a beta of 0.76. Eagle Point Credit has a one year low of $8.60 and a one year high of $11.78. The business’s fifty day moving average is $10.08 and its two-hundred day moving average is $9.82. The company has a debt-to-equity ratio of 0.22, a quick ratio of 6.60 and a current ratio of 6.60.
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.
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