Eagle Point Credit (NYSE:ECCC) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Eagle Point Credit Company Inc. (NYSE:ECCC) shares passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $24.63 and traded as low as $24.45. Eagle Point Credit shares last traded at $24.60, with a volume of 9,561 shares trading hands.

Eagle Point Credit Stock Performance

The stock’s 50-day moving average price is $24.74 and its two-hundred day moving average price is $24.63.

Eagle Point Credit Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Friday, December 11th will be paid a $0.1354 dividend. The ex-dividend date is Friday, December 11th. This represents a $1.63 annualized dividend and a yield of 6.6%.

Eagle Point Credit Company Profile

Eagle Point Credit Company Inc is a closed-end management investment company focused primarily on investments in collateralized loan obligations (CLOs). CLOs are structured investment vehicles backed largely by portfolios of senior secured loans made to companies with below-investment-grade credit ratings.

The company seeks to generate current income and, to a lesser extent, capital appreciation through investments in CLO equity and debt tranches. Its portfolio may also include other credit-related instruments, including corporate debt securities and loans.