Eagle Point Credit Company Inc. (NYSE:ECCC) to Issue $0.14 Monthly Dividend

Eagle Point Credit Company Inc. (NYSE:ECCC) announced a monthly dividend on Thursday, August 13th. Investors of record on Friday, December 11th will be given a dividend of 0.1354 per share on Thursday, December 31st. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Friday, December 11th.

Eagle Point Credit Trading Down 0.2%

NYSE:ECCC traded down $0.04 during trading hours on Thursday, reaching $24.68. The company’s stock had a trading volume of 880 shares, compared to its average volume of 5,602. Eagle Point Credit has a one year low of $23.02 and a one year high of $25.10. The business’s 50-day moving average is $24.85 and its 200-day moving average is $24.59.

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.