Eagle Point Credit Company Inc. (NYSE:ECC - Get Free Report) declared a dividend on Wednesday, November 6th,NASDAQ Dividends reports. Stockholders of record on Monday, February 10th will be given a dividend of 0.14 per share by the investment management company on Friday, February 28th. The ex-dividend date of this dividend is Monday, February 10th.
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. 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 Stock Down 0.2 %
Shares of ECC stock traded down $0.02 on Friday, reaching $9.10. 1,163,448 shares of the company's stock traded hands, compared to its average volume of 927,724. The company has a market capitalization of $700.25 million, a P/E ratio of 11.38 and a beta of 0.75. Eagle Point Credit has a 12-month low of $8.56 and a 12-month 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 business's 50 day moving average price is $9.13 and its two-hundred day moving average price is $9.61.
Analyst Ratings Changes
Separately, B. Riley reduced their price target on shares of Eagle Point Credit from $12.00 to $11.00 and set a "buy" rating for the company in a research report on Tuesday.
Check Out Our Latest Stock Analysis on ECC
About Eagle Point Credit
(
Get Free Report)
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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