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

Eagle Point Credit Company Inc. (NYSE:ECCC) announced a monthly dividend on Tuesday, February 17th. Shareholders of record on Wednesday, June 10th will be paid a dividend of 0.1354 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Wednesday, June 10th.

Eagle Point Credit Stock Up 0.7%

Shares of NYSE ECCC opened at $24.48 on Wednesday. The company has a 50 day simple moving average of $24.56 and a two-hundred day simple moving average of $23.87. Eagle Point Credit has a fifty-two week low of $21.87 and a fifty-two week high of $25.00.

Institutional Investors Weigh In On Eagle Point Credit

A hedge fund recently bought a new stake in Eagle Point Credit stock. Karpus Management Inc. purchased a new stake in shares of Eagle Point Credit Company Inc. (NYSE:ECCC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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.