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

Eagle Point Credit Company Inc. (NYSE:ECCC) announced a monthly dividend on Thursday, August 13th. Shareholders of record on Tuesday, October 13th will be given a dividend of 0.1354 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Tuesday, October 13th.

Eagle Point Credit Trading Down 0.2%

ECCC opened at $24.68 on Friday. The firm’s fifty day moving average price is $24.85 and its two-hundred day moving average price is $24.59. Eagle Point Credit has a fifty-two week low of $23.02 and a fifty-two week high of $25.10.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Eagle Point Credit stock. Karpus Management Inc. purchased a new position in shares of Eagle Point Credit Company Inc. (NYSE:ECCC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 61,395 shares of the company’s stock, valued at approximately $1,523,000.

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.