EAGLE POINT CR/COM (NYSE:ECC) announced a dividend on Monday, July 1st, NASDAQ reports. Stockholders of record on Thursday, September 12th will be paid a dividend of 0.20 per share by the investment management company on Monday, September 30th. The ex-dividend date is Wednesday, September 11th.
EAGLE POINT CR/COM has raised its dividend by an average of 0.7% annually over the last three years. EAGLE POINT CR/COM has a dividend payout ratio of 142.0% 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 CR/COM to earn $1.52 per share next year, which means the company may not be able to cover its $2.40 annual dividend with an expected future payout ratio of 157.9%.
Shares of ECC stock traded up $0.13 during mid-day trading on Monday, hitting $16.66. The stock had a trading volume of 20,158 shares, compared to its average volume of 219,951. EAGLE POINT CR/COM has a 12-month low of $12.16 and a 12-month high of $19.41. The firm’s 50-day moving average is $17.02 and its two-hundred day moving average is $17.30. The firm has a market capitalization of $394.44 million, a P/E ratio of 10.48 and a beta of 0.59.
About EAGLE POINT CR/COM
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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