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, May 29th, Wall Street Journal reports. Stockholders of record on Wednesday, September 10th will be given a dividend of 0.1354 per share on Tuesday, September 30th. This represents a $1.63 annualized dividend and a dividend yield of 7.23%. The ex-dividend date of this dividend is Wednesday, September 10th.

Eagle Point Credit Stock Performance

ECCC opened at $22.49 on Friday. Eagle Point Credit has a fifty-two week low of $21.87 and a fifty-two week high of $24.89. The company’s 50-day moving average is $22.50 and its 200 day moving average is $22.95.

About Eagle Point Credit

Eagle Point Credit Company Inc is a closed ended fund launched and managed by Eagle Point Credit Management LLC. It invests in fixed income markets of the United States. The fund invests equity and junior debt tranches of collateralized loan obligations consisting primarily of below investment grade U.S.