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HomeMarketResultsEagle Point Credit Company Inc. (NYSE:ECC) Plans Dividend of $0.14

Eagle Point Credit Company Inc. (NYSE:ECC) Plans Dividend of $0.14


Eagle Level Credit score Firm Inc. (NYSE:ECCGet Rating) introduced a dividend on Thursday, November tenth, NASDAQ stories. Stockholders of file on Wednesday, January eleventh will likely be paid a dividend of 0.14 per share by the funding administration firm on Tuesday, January thirty first. The ex-dividend date of this dividend is Tuesday, January tenth.

Eagle Level Credit score has raised its dividend cost by a median of 0.4% per yr over the past three years and has elevated its dividend yearly for the final 2 consecutive years. Eagle Level Credit score has a payout ratio of 104.3% indicating that the corporate can’t at the moment cowl its dividend with earnings alone and is counting on its stability sheet to cowl its dividend funds. Analysis analysts count on Eagle Level Credit score to earn $1.58 per share subsequent yr, which suggests the corporate could not have the ability to cowl its $1.68 annual dividend with an anticipated future payout ratio of 106.3%.

Eagle Level Credit score Inventory Efficiency

Shares of NYSE:ECC opened at $10.32 on Friday. Eagle Level Credit score has a 12-month low of $9.96 and a 12-month excessive of $14.48. The enterprise has a 50 day shifting common of $10.85 and a 200-day shifting common of $11.21.

Institutional Buyers Weigh In On Eagle Level Credit score

Institutional traders have lately made modifications to their positions within the firm. LPL Monetary LLC boosted its stake in shares of Eagle Level Credit score by 12.7% within the second quarter. LPL Monetary LLC now owns 11,709 shares of the funding administration firm’s inventory valued at $138,000 after shopping for a further 1,319 shares in the course of the interval. UBS Group AG boosted its stake in shares of Eagle Level Credit score by 20.8% within the second quarter. UBS Group AG now owns 9,066 shares of the funding administration firm’s inventory valued at $106,000 after shopping for a further 1,559 shares in the course of the interval. Financial institution of America Corp DE boosted its stake in shares of Eagle Level Credit score by 21.2% within the first quarter. Financial institution of America Corp DE now owns 9,933 shares of the funding administration firm’s inventory valued at $131,000 after shopping for a further 1,740 shares in the course of the interval. Tower Analysis Capital LLC TRC boosted its stake in shares of Eagle Level Credit score by 492.3% within the third quarter. Tower Analysis Capital LLC TRC now owns 2,843 shares of the funding administration firm’s inventory valued at $31,000 after shopping for a further 2,363 shares in the course of the interval. Lastly, Commonwealth Fairness Companies LLC boosted its stake in shares of Eagle Level Credit score by 5.2% within the third quarter. Commonwealth Fairness Companies LLC now owns 99,685 shares of the funding administration firm’s inventory valued at $1,096,000 after shopping for a further 4,936 shares in the course of the interval. Institutional traders personal 18.95% of the corporate’s inventory.

Wall Road Analysts Forecast Progress

Individually, B. Riley lowered their worth goal on Eagle Level Credit score from $14.00 to $13.00 and set a “purchase” score for the corporate in a report on Thursday, October twentieth.

Eagle Level Credit score Firm Profile

(Get Rating)

Eagle Level Credit score Firm Inc is a closed ended fund launched and managed by Eagle Level Credit score Administration LLC. It invests in fastened earnings markets of america. The fund invests fairness and junior debt tranches of collateralized mortgage obligations consisting primarily of beneath funding grade U.S.

Learn Extra

Dividend History for Eagle Point Credit (NYSE:ECC)

This prompt information alert was generated by narrative science know-how and monetary information from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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