Eagle Point Credit Company Inc. (NYSE:ECC – Get Free Report) declared a monthly dividend on Tuesday, May 12th. Investors of record on Monday, July 13th will be paid a dividend of 0.06 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 17.6%. The ex-dividend date is Monday, July 13th.
Eagle Point Credit has raised its dividend payment by an average of 0.1%per year over the last three years. Eagle Point Credit has a dividend payout ratio of 153.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Eagle Point Credit to earn $0.86 per share next year, which means the company may not be able to cover its $1.44 annual dividend with an expected future payout ratio of 167.4%.
Eagle Point Credit Stock Up 0.1%
Shares of ECC opened at $4.09 on Thursday. The firm has a 50-day moving average price of $3.93 and a 200 day moving average price of $4.99. The firm has a market capitalization of $540.07 million, a PE ratio of 21.50 and a beta of 0.35. Eagle Point Credit has a 52-week low of $3.46 and a 52-week high of $7.99.
About Eagle Point Credit
Eagle Point Credit Company is a closed-end, non-diversified management investment company that seeks to generate attractive risk-adjusted returns primarily through investments in collateralized loan obligations (CLOs) and related structured credit instruments. The firm is externally managed by Eagle Point Credit Management, LLC, a specialized credit asset manager focused on the structured credit markets. Eagle Point Credit Company’s shares trade on the New York Stock Exchange under the ticker symbol ECC.
The company’s investment strategy centers on acquiring both equity and debt tranches of actively managed CLOs alongside opportunistic positions in senior secured loans, high-yield bonds and credit derivatives.
Featured Articles
- Five stocks we like better than Eagle Point Credit
- Oklo Stock Could Be Ready for Another Massive Run
- D-Wave Earnings Looked Weak, But Investors May Be Missing This
- Nebius Upside Expands as AI Feedback Loop Intensifies
- Insider Trades: Okta and Abbott See Buys, Micron Insiders Sell
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.
