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

Eagle Point Credit Company Inc. (NYSE:ECC) declared a monthly dividend on Tuesday, August 12th. Stockholders of record on Monday, November 10th will be paid a dividend of 0.14 per share by the investment management company on Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 26.9%. The ex-dividend date of this dividend is Monday, November 10th.

Eagle Point Credit has decreased its dividend by an average of 0.0%per year over the last three years. Eagle Point Credit has a dividend payout ratio of 193.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Eagle Point Credit to earn $1.10 per share next year, which means the company may not be able to cover its $1.82 annual dividend with an expected future payout ratio of 165.5%.

Eagle Point Credit Trading Up 0.9%

NYSE:ECC opened at $6.25 on Friday. The stock has a market cap of $788.93 million, a PE ratio of 56.78 and a beta of 0.37. Eagle Point Credit has a fifty-two week low of $5.80 and a fifty-two week high of $9.79. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.23 and a quick ratio of 2.23. The stock’s 50-day moving average is $6.64 and its two-hundred day moving average is $7.17.

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.