Eagle Point Credit Company Inc. (ECCC) To Go Ex-Dividend on September 10th

by · The Markets Daily

Eagle Point Credit Company Inc. (NYSE:ECCC – Get Free Report) announced a monthly dividend on Tuesday, May 12th. Investors of record on Thursday, September 10th will be paid a dividend of 0.1354 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date is Thursday, September 10th.

Eagle Point Credit Price Performance

ECCC stock opened at $25.07 on Tuesday. Eagle Point Credit has a 12-month low of $23.02 and a 12-month high of $25.50. The stock’s 50 day simple moving average is $24.97 and its 200 day simple moving average is $24.68.

About Eagle Point Credit

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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.

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