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

Eagle Point Credit Company Inc. (NYSE:ECCC) declared a monthly dividend on Tuesday, February 17th. Shareholders of record on Friday, April 10th will be given a dividend of 0.1354 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Friday, April 10th.

Eagle Point Credit Price Performance

ECCC stock opened at $24.48 on Wednesday. Eagle Point Credit has a 12 month low of $21.87 and a 12 month high of $25.00. The firm has a 50-day moving average price of $24.56 and a 200-day moving average price of $23.87.

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.