News articles about Eagle Point Credit (NYSE:ECC) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Eagle Point Credit earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned media headlines about the investment management company an impact score of 45.3735802287057 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Eagle Point Credit (ECC) opened at $17.97 on Wednesday. The stock has a market cap of $341.01, a price-to-earnings ratio of 10.39 and a beta of 0.21. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.25 and a quick ratio of 3.25. Eagle Point Credit has a 52 week low of $17.28 and a 52 week high of $22.11.
The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Monday, February 12th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $2.40 annualized dividend and a dividend yield of 13.36%. Eagle Point Credit’s payout ratio is 138.73%.
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Eagle Point Credit Company Profile
Eagle Point Credit Company Inc is a non-diversified, closed-end management investment company. The Company’s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation. The Company primarily invests in equity and junior debt tranches of collateralized loan obligations (CLOs) that are collateralized by a portfolio consisting primarily of the below investment grade United States senior secured loans.
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