Eagle Point Credit Company Inc. (NYSE:ECCC – Get Free Report) declared a monthly dividend on Thursday, August 13th. Stockholders of record on Tuesday, November 10th will be given a dividend of 0.1354 per share on Monday, November 30th. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Tuesday, November 10th.
Eagle Point Credit Price Performance
Shares of ECCC traded down $0.04 during trading hours on Thursday, hitting $24.68. The company’s stock had a trading volume of 880 shares, compared to its average volume of 5,602. The business has a 50 day simple moving average of $24.85 and a two-hundred day simple moving average of $24.59. Eagle Point Credit has a 52-week low of $23.02 and a 52-week high of $25.10.
Institutional Investors Weigh In On Eagle Point Credit
An institutional investor recently bought a new stake in Eagle Point Credit stock. Karpus Management Inc. purchased a new position in Eagle Point Credit Company Inc. (NYSE:ECCC – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 61,395 shares of the company’s stock, valued at approximately $1,523,000.
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.
Further Reading
- Five stocks we like better than Eagle Point Credit
- Asian Market Circuit Breakers Hit Stocks, Not AI Demand
- Riot Platforms Re-Wires the Ledger for a $9B AI Power Play
- Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy?
- Joby’s Defense Pivot Accelerates With $500M Resonant Sciences Deal
Receive News & Ratings for Eagle Point Credit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Point Credit and related companies with MarketBeat.com's FREE daily email newsletter.
