Eagle Point Credit Company Inc (ECC) to Issue $0.20 Monthly Dividend

Eagle Point Credit Company Inc (NYSE:ECC) declared a monthly dividend on Tuesday, January 2nd, NASDAQ reports. Investors of record on Friday, January 12th will be paid a dividend of 0.20 per share by the investment management company on Wednesday, January 31st. This represents a $2.40 annualized dividend and a yield of 12.33%. The ex-dividend date of this dividend is Thursday, January 11th.

Eagle Point Credit (NYSE ECC) opened at $19.47 on Wednesday. Eagle Point Credit has a 1-year low of $16.70 and a 1-year high of $22.11. The company has a market cap of $358.40, a price-to-earnings ratio of 7.63 and a beta of 0.27. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.18.

Several research analysts recently commented on the stock. National Securities restated a “buy” rating and set a $24.00 target price on shares of Eagle Point Credit in a report on Monday, November 20th. CIBC reduced their target price on shares of Eagle Point Credit from $24.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, November 15th. Ladenburg Thalmann Financial Services assumed coverage on shares of Eagle Point Credit in a report on Monday, September 25th. They set a “buy” rating and a $20.50 target price for the company. Oppenheimer reduced their target price on shares of Eagle Point Credit from $24.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, November 15th. Finally, Zacks Investment Research cut shares of Eagle Point Credit from a “hold” rating to a “sell” rating in a report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $21.13.

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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.

Dividend History for Eagle Point Credit (NYSE:ECC)

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