Eagle Point Credit Company Inc. (NYSE:ECC – Get Free Report) declared a dividend on Saturday, January 11th,investing.com reports. Investors of record on Tuesday, January 14th will be paid a dividend of 0.14 per share by the investment management company on Friday, January 31st. This represents a dividend yield of 18.44%. The ex-dividend date of this dividend is Monday, January 13th.
Eagle Point Credit has raised its dividend payment by an average of 13.8% annually over the last three years. Eagle Point Credit has a payout ratio of 157.0% meaning 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 $1.31 per share next year, which means the company may not be able to cover its $1.68 annual dividend with an expected future payout ratio of 128.2%.
Eagle Point Credit Trading Down 0.2 %
Eagle Point Credit stock traded down $0.02 during trading on Friday, hitting $9.10. The company’s stock had a trading volume of 1,163,448 shares, compared to its average volume of 927,724. The stock has a market capitalization of $700.25 million, a price-to-earnings ratio of 11.38 and a beta of 0.75. Eagle Point Credit has a 1-year low of $8.56 and a 1-year high of $10.49. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.27 and a current ratio of 2.27. The stock’s fifty day moving average is $9.13 and its 200 day moving average is $9.62.
Analyst Ratings Changes
Read Our Latest Analysis on Eagle Point Credit
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.
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