Eagle Point Credit Company Inc. (NYSE:ECCC – Get Free Report) shares dropped 0.3% during trading on Tuesday . The stock traded as low as $24.93 and last traded at $24.93. Approximately 2,171 shares were traded during trading, a decline of 67% from the average daily volume of 6,525 shares. The stock had previously closed at $25.01.
Eagle Point Credit Stock Performance
The business has a 50-day simple moving average of $24.58 and a two-hundred day simple moving average of $24.51.
Eagle Point Credit Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.1354 per share. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Thursday, September 10th.
Institutional Investors Weigh In On Eagle Point Credit
About Eagle Point Credit
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.
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