Eagle Point Credit Company Inc. (NYSE:ECCC – Get Free Report) passed below its 200-day moving average during trading on Monday. The stock has a 200-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 changing hands.
Eagle Point Credit Price Performance
The firm’s 50-day moving average price is $24.77 and its 200 day moving average price is $24.63.
Eagle Point Credit Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Friday, December 11th will be given a dividend of $0.1354 per share. This represents a $1.63 annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Friday, December 11th.
About Eagle Point Credit
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.
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