Eagle Point Credit Company Inc. (NYSE:ECC) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, December 12th will be paid a dividend of 0.20 per share by the investment management company on Friday, December 29th. This represents a $2.40 annualized dividend and a dividend yield of 11.43%. The ex-dividend date of this dividend is Monday, December 11th.

Eagle Point Credit (NYSE ECC) traded up 0.0949% during midday trading on Tuesday, hitting $20.9899. The stock had a trading volume of 41,003 shares. Eagle Point Credit has a one year low of $16.13 and a one year high of $22.11. The stock has a 50-day moving average price of $20.65 and a 200 day moving average price of $20.43.

Eagle Point Credit (NYSE:ECC) last announced its quarterly earnings data on Tuesday, August 15th. The investment management company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. The business had revenue of $16.23 million for the quarter, compared to the consensus estimate of $16.60 million. On average, equities research analysts anticipate that Eagle Point Credit will post $2.04 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://www.americanbankingnews.com/2017/10/03/eagle-point-credit-company-inc-to-issue-monthly-dividend-of-0-20-ecc.html.

A number of equities analysts have commented on the company. Ladenburg Thalmann Financial Services assumed coverage on Eagle Point Credit in a research note on Monday, September 25th. They issued a “buy” rating and a $20.50 target price for the company. Zacks Investment Research cut Eagle Point Credit from a “hold” rating to a “sell” rating in a research report on Tuesday, August 29th. Finally, National Securities reissued a “buy” rating and issued a $24.00 price target on shares of Eagle Point Credit in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $22.83.

About Eagle Point Credit

Eagle Point Credit Company Inc is a non-diversified, closed-end management investment company. The Company’s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation. The Company primarily invests in equity and junior debt tranches of collateralized loan obligations (CLOs) that are collateralized by a portfolio consisting primarily of the below investment grade United States senior secured loans.

Dividend History for Eagle Point Credit (NYSE:ECC)

Receive News & Ratings for Eagle Point Credit Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Point Credit Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.