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EAGLE POINT CREDIT COMPANY INC (NYSE: ECC)
Last Trade
4:00 p.m. - 13.51
Change
 0.01 ( 0.07%)
Shares Traded
607
Day's Volume
94,902
Book Value
NA
Price/Book
NA
Beta
0.9996
Day's Range
13.4401 - 13.58
Prev Close
13.52
Open
13.58
52 Wk Range
7.44 - 14.44
EPS
1.65
PE
8.19
Monthly Div/Shr
0.12
Ex-Div
10/08/21
Yield
10.66%
Shares Out.
32.35M
Market Cap.
437.11M
  • 1 Year Stock Performance:

CAGR - Chart the growth of a $10K investment in ECC

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Related news from
Wed, 15 Sep 2021
12:30:00 +0000
Eagle Point Credit Company Inc. Awarded "Best Closed-End CLO Fund" by Creditflux
GREENWICH, Conn., September 15, 2021--Eagle Point Credit Company Inc. has been named "Best Closed-End CLO Fund" by Creditflux.
Tue, 17 Aug 2021
12:45:12 +0000
Eagle Point (ECC) Misses Q2 Earnings Estimates
Eagle Point (ECC) delivered earnings and revenue surprises of -3.33% and 4.93%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
Tue, 17 Aug 2021
12:00:00 +0000
Eagle Point Credit Company Inc. Announces Second Quarter 2021 Financial Results
GREENWICH, Conn., August 17, 2021--Eagle Point Credit Company Inc. (the "Company") (NYSE: ECC, ECCB, ECCC, ECCW, ECCX, ECCY) today announced financial results for the quarter ended June 30, 2021, net asset value ("NAV") as of June 30, 2021 and certain additional activity through July 31, 2021.
Tue, 10 Aug 2021
20:15:00 +0000
Eagle Point Credit Company Inc. Announces 20% Increase in Common Stock Distributions for Fourth Quarter 2021
GREENWICH, Conn., August 10, 2021--Eagle Point Credit Company Inc. (the "Company") (NYSE:ECC, ECCB, ECCC, ECCW, ECCX, ECCY) today is pleased to announce the declaration of distributions on shares of the Company’s common stock.
Tue, 03 Aug 2021
20:15:00 +0000
Eagle Point Credit Company Inc. Schedules Release of Second Quarter 2021 Financial Results on Tuesday, August 17, 2021
GREENWICH, Conn., August 03, 2021--Eagle Point Credit Company Inc. (the "Company") (NYSE:ECC, ECCB, ECCC, ECCW, ECCX, ECCY) today announced that it plans to report financial results for the quarter ended June 30, 2021 prior to the opening of the financial markets on Tuesday, August 17, 2021.
Mon, 21 Jun 2021
20:26:00 +0000
Eagle Point Credit Company Inc. Announces Full Exercise and Closing of Overallotment Option in Offering of Preferred Stock
GREENWICH, Conn., Jun 21, 2021--Eagle Point Credit Company Inc. (the "Company") (NYSE: ECC, ECCB, ECCC, ECCW, ECCX, ECCY) today announced, in connection with its previously disclosed underwritten public offering of 1,060,000 shares of its 6.50% Series C Term Preferred Stock due 2031 (the "Preferred Stock") at a public offering price of $25 per share that closed on June 16, 2021, that the underwriters of such offering have fully exercised their overallotment to purchase an additional 140,000 shar
Thu, 10 Jun 2021
21:36:00 +0000
Eagle Point Credit Company Inc. Prices Offering of Preferred Stock
Eagle Point Credit Company Inc. (the "Company") (NYSE:ECC, ECCB, ECCX, ECCY, ECCW) today announced that it has priced an underwritten public offering of 1,060,000 shares of its 6.50% Series C Term Preferred Stock due 2031 (the "Preferred Stock") at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $25.4 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company. The Preferred Sto
Wed, 09 Jun 2021
20:12:00 +0000
Eagle Point Credit Company Inc. Announces Offering of Preferred Stock
Eagle Point Credit Company Inc. (the "Company") (NYSE:ECC, ECCB, ECCX, ECCY, ECCW) today announced that it has commenced an underwritten public offering of its Series C Term Preferred Stock (the "Preferred Stock"). The public offering price and other terms of the Preferred Stock are to be determined by negotiations between the Company and the underwriters. The Preferred Stock is rated ‘BBB’ by Egan-Jones Ratings Company. In addition, the Company plans to grant the underwriters a 30-day option to
Tue, 18 May 2021
12:00:00 +0000
Eagle Point Credit Company Inc. Announces First Quarter 2021 Financial Results
Eagle Point Credit Company Inc. (the "Company") (NYSE: ECC, ECCB, ECCW, ECCX, ECCY) today announced financial results for the quarter ended March 31, 2021, net asset value ("NAV") as of March 31, 2021 and certain additional activity through April 30, 2021.
Thu, 13 May 2021
20:15:00 +0000
Eagle Point Credit Company Inc. Announces 25% Increase in Common Stock Distributions for Third Quarter 2021
Eagle Point Credit Company Inc. (the "Company") (NYSE:ECC, ECCB, ECCW, ECCX, ECCY) today is pleased to announce the declaration of distributions on shares of the Company’s common stock.
Tue, 04 May 2021
20:15:00 +0000
Eagle Point Credit Company Inc. Schedules Release of First Quarter 2021 Financial Results on Tuesday, May 18, 2021
Eagle Point Credit Company Inc. (the "Company") (NYSE:ECC, ECCB, ECCW, ECCX, ECCY) today announced that it plans to report financial results for the quarter ended March 31, 2021 prior to the opening of the financial markets on Tuesday, May 18, 2021.
Mon, 05 Apr 2021
20:05:00 +0000
Eagle Point Credit Company Inc. Announces Full Exercise and Closing of Overallotment Option in Offering of Notes
Eagle Point Credit Company Inc. (the "Company") (NYSE: ECC, ECCB, ECCW, ECCX, ECCY) today announced, in connection with its previously disclosed underwritten public offering of $39,000,000 aggregate principal amount of its 6.75% notes due 2031 (the "2031 Notes") that closed on March 25, 2021, the underwriters of such offering have fully exercised their overallotment to purchase an additional $5,850,000 aggregate principal amount of the 2031 Notes.
Thu, 18 Mar 2021
21:53:00 +0000
Eagle Point Credit Company Inc. Prices Offering of Notes
Eagle Point Credit Company Inc. (the "Company") (NYSE:ECC, ECCB, ECCX, ECCY) today announced that it has priced an underwritten public offering of $39,000,000 aggregate principal amount of its 6.75% notes due 2031 (the "2031 Notes"), which will result in net proceeds to the Company of approximately $37.5 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company. The 2031 Notes will mature on March 31, 2031 and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after March 29, 2024. The 2031 Notes will be issued in denominations of $25 and integral multiples of $25 in excess thereof and will bear interest at a rate of 6.75% per year, payable quarterly, with the first interest payment occurring on June 30, 2021. The 2031 Notes are rated ‘BBB+’ by Egan-Jones Ratings Company. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional $5,850,000 aggregate principal amount of 2031 Notes to cover overallotments, if any.
Wed, 17 Mar 2021
20:49:00 +0000
Eagle Point Credit Company Inc. Announces Offering of Notes
Eagle Point Credit Company Inc. (the "Company") (NYSE:ECC, ECCB, ECCX, ECCY) today announced that it has commenced an underwritten public offering of unsecured notes due 2031 (the "2031 Notes"). The 2031 Notes will be issued in denominations of $25 and integral multiples of $25 in excess thereof and are expected to pay interest quarterly. The public offering price and other terms of the 2031 Notes are to be determined by negotiations between the Company and the underwriters. The 2031 Notes are rated ‘BBB+’ by Egan-Jones Ratings Company. In addition, the Company plans to grant the underwriters a 30-day option to purchase additional 2031 Notes on the same terms and conditions to cover overallotments, if any.
Wed, 17 Mar 2021
15:35:34 +0000
3 Big Dividend Stocks Yielding at Least 8%; Analysts Say ‘Buy’
Do you like roller coasters? According to Deutsche Bank, we’re looking at some roller coaster volatility for the next few months, with near-term gains likely, followed by a Q2 retreat, and second-half gains. The firm expects share values to fall in the next three months, perhaps by as much as 5% to 10%, for several reasons laid out by the firm’s strategist Binky Chadha. “The more front-loaded the impact of the stimulus, and the direct stimulus checks at around a quarter of the new package clearly are one off, the sharper the peak in growth is likely to be. The closer this peak in macro growth is to warmer weather (giving retail investors something else to do); and to an increased return to work at the office, the larger we expect the pullback to be,” Chadha noted. That’s the mid-term. In the longer view, Chadha expects markets to strengthen by year’s end, and has put a 4,100 target on the S&P 500. This is up from his previous 3,950 target, and suggests potential gains of 4% from current levels. So, for investors, we’re looking at a rocky summer and fall, with some dips and gains likely in the markets. In that environment, a defensive stock play makes sense; it provides some stability to the portfolio, as well as some insurance should the gains not materialize. Reliable dividend stocks, with their regular payouts, provide an income stream that’s independent of the share price appreciation, as well as a share profile that is less volatile to begin with, making them the ideal move for investors worried about keeping up returns while coping with high macro volatility. To that end, we’ve used the TipRanks database to pull up three high-yield dividend stocks that share a profile: a Buy-rating from the Street’s analyst corps; considerable upside potential; and a reliable dividend yielding over 8%. Let’s see what Wall Street’s pros have to say about them. Monroe Capital (MRCC) We'll start with Monroe Capital, a private equity firm invested in the health care, media, retail, and tech sectors. Monroe is focusing its business on minority and women-owned companies, or on companies with employee stock ownership plans. Monroe offers these sometimes underserved demographics access to capital resources for business development. Monroe has shown two contradictory trends so far this year: declining revenues and earnings, along with rising share value. The company’s top line, at $12.6 million, was down 6% from Q3, and 25% year-over-year, while EPS fell 40% sequentially to 42 cents. Year-over-year, however, EPS more than doubled. Looking at share price, Monroe’s stock has gained 60% in the past 12 months. On the dividend front, Monroe paid out 25 cents per share in December; the next is scheduled, at the same amount, for the end of this month. With an annualized payment of $1, the dividend yields a strong 9.8%. This compares favorably to the 2% average yield found among peer companies. The dividend attracted attention from Oppenheimer analyst Chris Kotowski, rated 5-stars by TipRanks. “We continue to see a runway to eventual dividend coverage with full fees expensed as management grows the portfolio to its target 1.1–1.2x leverage (from 1.0x currently) and redeploys funds currently tied up in non-accruals once resolved... The primary driver of return for a BDC is its dividend payout over time, and we have confidence that MRCC's new $1.00 distribution (equating to a ~10% yield) is sustainable,” Kotowski noted. In line with his comments, Kotowski rates MRCC an Outperform (i.e. Buy), and his $12 price target suggests it has room to grow 25% in the year ahead. (To watch Kotowski’s track record, click here) The analyst reviews on MRCC break down 2 to 1 in favor of Buy versus Holds, making the consensus rating a Moderate Buy. The shares have a trading price of $9.59, and their $11.13 average target implies an upside of 16% in the year ahead. (See MRCC stock analysis on TipRanks) Eagle Point Credit Company (ECC) Let’s stick with the middle-market financial sector. Eagle Point is another of the capital investment companies that seeks to turn middle-market debt into returns for investors. The company invests in CLO equity, and focuses on current income generation – in other words, ensuring a return for its own investors. While Eagle Point is a small-cap player, the company does boast $3 billion in assets under management – showing that it punches above its weight. Last month, Eagle Point reported 4Q20 earnings, with EPS of 24 cents, below the expectation of 29 cents. However, the current earnings just edged into growth quarter-over-quarter and year-over-year, as 3Q20 and 4Q19 both came in at 23 cents. Turning to the dividend, we find that Eagle Point does something slightly unusual. The company pays out a monthly dividend, rather than quarterly. The current payment, at 8 cents per common share, has been held steady for over a year now, and the company has not missed a distribution. At 96 cents per common share annually, the dividend yields is 8.4%. This is robust by any standard. B. Riley’s 5-star analyst Randy Binner covers Eagle Point, and he notes that the company should have no problem in maintaining its dividend coverage moving forward. “The company’s reported quarterly recurring CLO cash flows averaged $0.75/share over the last 12 months. Similar levels of recurring cash flows would leave a large cushion to service the $0.24 quarterly dividend going forward…. The company announced $29.5M of cash on the balance sheet as of February 9. This balance sheet cash and serviceable quarterly dividend of $0.24 contribute to a favorable liquidity position,” Binner wrote. Binner’s comments back up a Buy rating on the stock, and his $14 price target implies a 12-month upside of 23%. (To watch Binner’s track record, click here) Wall Street takes the same stance on ECC that it did on MRCC: a Moderate Buy consensus rating based on a 2-1 split between Buy and Hold reviews. ECC shares have an average price target of $14, matching Binner’s, and the shares are trading for $11.41. (See ECC stock analysis on TipRanks) Hess Midstream Operations (HESM) Midmarket financials are not the only place to find strong dividends. Wall Street pros also recommend the energy sector, and that is where we now turn. Hess Midstream is one of many companies in the midstream sector of the energy industry, providing and supporting the infrastructure needed to gather, process, store, and transport a fossil fuel products from the well heads into the distribution network. Hess has a range of midstream assets in the North Dakota Bakken formation, moving crude oil and natural gas, along with their derivatives. Hess reported results for 4Q20 earlier this year, showing $266 million at the top line and EPS of 36 cents per share. Revenues were up 5% year-over-year, and relatively flat from Q3. EPS rose 20% quarter-over-quarter, but were down sharply compared to the 87 cents reported in 4Q19. Of interest to investors, the company reported over $126 million in free cash flow, which it used to fund the dividend. Hess pays out its dividend quarterly, and has a reputation for not missing payments. The company has been raising the payment regularly for the past four years, and most recent dividend, at 45 cents per common share, was paid out in February. This dividend is considered ‘safe,’ as the company expects to generate between $610 million and $640 million in free cash flow next year. Those funds will fully cover the dividend, with approximately $100 million left over. Writing from Scotiabank, analyst Alonso Guerra-Garcia sees the free cash flow as Hess’s priority going forward. “We expect the focus this year to be on the harvesting of free cash flow (FCF) with deployment toward buybacks and further de-leveraging. Improved FCF profiles this year also better position the group for a 2H21 demand recovery. Continued energy policy changes and the energy transition may be headwinds this year, but we continue to prefer exposure to the more diversified companies with FCF after dividend (FCFAD) optionality and torque to a recovery,” the analyst opined. To this end, Guerra-Garcia rates HESM an Outperform (i.e. Buy), with a $27 price target indicating a potential upside of 26% by year’s end. (To watch Guerra-Garcia’s track record, click here) All in all, there are only 2 reviews on this small-cap energy company, and they are evenly split – one Buy and one Hold – giving Hess a Moderate Buy rating. The shares are trading for $21.41 and their $27 average price target suggests a one-year upside of 26%. (See HESM stock analysis on TipRanks) To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
Tue, 23 Feb 2021
13:00:00 +0000
Eagle Point Credit Company Inc. Announces Fourth Quarter 2020 and Year-End 2020 Financial Results
Eagle Point Credit Company Inc. (the "Company") (NYSE: ECC, ECCB, ECCX, ECCY) today announced financial results for the quarter and fiscal year ended December 31, 2020, net asset value ("NAV") as of December 31, 2020 and certain additional activity through February 9, 2021.
Wed, 10 Feb 2021
21:15:00 +0000
Eagle Point Credit Company Inc. Announces Second Quarter 2021 Common and Preferred Distributions
Eagle Point Credit Company Inc. (the "Company") (NYSE:ECC, ECCB, ECCX, ECCY) today is pleased to announce the declaration of distributions on shares of the Company’s common stock.
Tue, 09 Feb 2021
21:15:00 +0000
Eagle Point Credit Company Inc. Schedules Release of Fourth Quarter 2020 and Year-End 2020 Financial Results on Tuesday, February 23, 2021
Eagle Point Credit Company Inc. (the "Company") (NYSE:ECC, ECCB, ECCX, ECCY) today announced that it plans to report financial results for the quarter and fiscal year ended December 31, 2020 prior to the opening of the financial markets on Tuesday, February 23, 2021.
Fri, 08 Jan 2021
15:20:12 +0000
Understanding Eagle Point Credit Co's Ex-Dividend Date
On November 13, 2020, Eagle Point Credit Co (NYSE:ECC) announced shareholders can expect to receive a dividend payable on January 29, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Eagle Point Credit Co, which has a current dividend per share of $0.08, has an ex-dividend date scheduled for January 11, 2021. That equates to a dividend yield of 11.27% at current price levels.The Significance Of An Ex-Dividend Date An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.Understanding Eagle Point Credit Co's Dividend Payouts And Yields Over the past year, Eagle Point Credit Co has seen its dividend payouts remain the same and its yields trend downward. Last year on November 10, 2020 the company's payout sat at $0.08, which has returned to its value today. Eagle Point Credit Co's dividend yield last year was 12.21%, which has since decreased by 0.94%. Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.To read more news on Eagle Point Credit Co click here.See more from Benzinga * Click here for options trades from Benzinga * Ex-Dividend Date Insight: Navios Maritime * Return On Capital Employed Overview: Salesforce.com(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Wed, 06 Jan 2021
21:15:00 +0000
Eagle Point Credit Company Inc. to Participate in the ICR Conference 2021
Eagle Point Credit Company Inc. (the "Company") (NYSE:ECC, ECCB, ECCX, ECCY) today announced that Chief Executive Officer Thomas P. Majewski and Chief Financial Officer Ken Onorio will present at the virtual ICR Conference 2021 on Monday, January 11, 2021 at 9:30 a.m. Eastern Time.

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Eagle Point Credit Company Inc (ECC)