Eagle Point Credit Company Inc. (NYSE:ECCC – Get Free Report) announced a monthly dividend on Thursday, August 13th. Shareholders of record on Friday, December 11th will be paid 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 of this dividend is Friday, December 11th.
Eagle Point Credit Stock Performance
Shares of NYSE ECCC opened at $24.70 on Friday. Eagle Point Credit has a one year low of $23.02 and a one year high of $25.10. The company’s fifty day moving average is $24.85 and its two-hundred day moving average is $24.59.
Institutional Trading of Eagle Point Credit
A hedge fund recently bought a new position in Eagle Point Credit stock. Karpus Management Inc. bought a new position in shares of Eagle Point Credit Company Inc. (NYSE:ECCC – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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.
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