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

Eagle Point Credit Company Inc. (NYSE:ECCC) announced a monthly dividend on Tuesday, February 17th. Investors of record on Monday, May 11th will be paid a dividend of 0.1354 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Monday, May 11th.

Eagle Point Credit Stock Up 0.7%

NYSE:ECCC traded up $0.18 during trading hours on Tuesday, hitting $24.48. 10,434 shares of the company were exchanged, compared to its average volume of 4,848. Eagle Point Credit has a one year low of $21.87 and a one year high of $25.00. The company has a fifty day simple moving average of $24.55 and a 200 day simple moving average of $23.86.

Institutional Inflows and Outflows

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

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.