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

Eagle Point Credit Company Inc. (NYSE:ECCC) declared a monthly dividend on Tuesday, May 12th. Investors of record on Tuesday, August 11th will be paid a dividend of 0.1354 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Tuesday, August 11th.

Eagle Point Credit Price Performance

Shares of NYSE:ECCC traded up $0.18 during midday trading on Wednesday, reaching $24.13. 7,804 shares of the company were exchanged, compared to its average volume of 6,730. The business’s fifty day moving average is $24.38 and its two-hundred day moving average is $24.25. Eagle Point Credit has a one year low of $22.12 and a one year high of $25.00.

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.