Eagle Point Credit Company Inc. (NYSE:ECC) Updates On Dividend Release Date


On 2016-06-03, Eagle Point Credit Company Inc. (NYSE:ECC) confirmed the dividend disbursement of $0.6 a share to shareholders as on record 2016-06-30. The firm will release dividend on 2016-07-29 while ex-dividend date is reported to be 2016-06-28.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Eagle Point Credit Company Inc. (NYSE:ECC) paid a total of $0.6 per share in dividends. This figure stood at $0.6 a share in the same period a year ago indicating a deviation of 336.3636%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $18.75 on the stock. This figure is the average of recommendations offered by 2 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $19 and $18.5, respectively.

Taking the mathematical rating formula, the price for Eagle Point Credit Company Inc. (NYSE:ECC) stands at 1.67. Earnings Review Eagle Point Credit Company Inc. (NYSE:ECC) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-15. For the period ending on 2016-09-30, experts are expecting EPS of $0.59.

Coming to the quarter ending on 2015-12-31, Eagle Point Credit Company Inc. (NYSE:ECC) recorded EPS of $0.57. The reported numbers came lower than the analysts’ estimates of $0.62, demonstrating a miss of $-0.05 as against reported figures.

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