Eagle Point Credit: 19% Yield On Common And 8.7% On Preferred Equity [Seeking Alpha]
Eagle Point Credit Company Inc. (ECC)
NASDAQ:AMEX Investor Relations:
eaglepointcreditcompany.com/investor-relations/default.aspx
Company Research
Source: Seeking Alpha
Investing Group Leader Follow Summary Eagle Point Credit's Series D preferred shares offer an 8.7% yield, with strong dividend and asset coverage, making them a good risk/reward investment. ECC's net investment income of $49.6M in H1 2023 covers perpetual preferred dividends comfortably, with a payout ratio of less than 3%. The company maintains a robust balance sheet with a 352% asset coverage ratio, far exceeding the minimum 200% requirement for preferred stock. I hold a small position in ECC's Series D preferred shares for portfolio duration and may consider adding more ECC preferred or debt securities. Looking for more investing ideas like this one? Get them exclusively at European Small-Cap Ideas. Learn More » Zuberka Introduction As it has been a while since I discussed Eagle Point Credit ( NYSE: ECC ) and its perpetual preferred shares, I wanted to keep an eye on the company's ability to continue to cover the preferred dividend payments . The yield on the p
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ECC
News
- My 9.5% Income Portfolio - The View From The Top [Seeking Alpha]Seeking Alpha
- Eagle Point Credit: Common Shares Are Becoming Less Attractive Than Preferreds [Seeking Alpha]Seeking Alpha
- Eagle Point Credit Company Inc. (NYSE: ECC) had its price target lowered by analysts at Keefe, Bruyette & Woods from $10.50 to $10.00. They now have a "market perform" rating on the stock.MarketBeat
- Eagle Point Credit Company Inc. Announces Second Quarter 2024 Financial ResultsBusiness Wire
- Eagle Point Credit Company Inc. Announces Fourth Quarter 2024 Regular and Supplemental Common Distributions and Preferred DistributionsBusiness Wire
ECC
Sec Filings
- 9/19/24 - Form 40-APP/A
- 9/16/24 - Form POS
- 9/16/24 - Form 424B3
- ECC's page on the SEC website