Eagle Point Credit Co., Inc. is a closed-end investment company. Its investment objective is to generate high current income, and generate capital appreciation by investing primarily in equity and junior debt tranches of CLOs. The company was founded on March 24, 2014 and is headquartered in Greenwich, CT.
Eagle Point Credit Dividend Announcement
• Eagle Point Credit announced a quarterly dividend of $0.42 per ordinary share which will be made payable on 2024-12-31. Ex dividend date: 2024-12-16
• Eagle Point Credit annual dividend for 2024 was $1.67
• Eagle Point Credit annual dividend for 2023 was $1.67
• Eagle Point Credit's trailing twelve-month (TTM) dividend yield is 18.66%
• Eagle Point Credit's payout ratio for the trailing twelve months (TTM) is 123.92%
• Eagle Point Credit's dividend growth over the last five years (2018-2023) was 7.90% year
Eagle Point Credit Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-16 | $0.42 | quarterly | 2024-12-31 |
2024-09-13 | $0.42 | quarterly | 2024-09-30 |
2024-06-14 | $0.42 | quarterly | 2024-07-01 |
2024-03-14 | $0.42 | quarterly | 2024-04-01 |
2023-12-14 | $0.42 | quarterly | 2024-01-02 |
2023-09-14 | $0.42 | quarterly | 2023-10-02 |
2023-06-14 | $0.42 | quarterly | 2023-06-30 |
2023-03-14 | $0.42 | quarterly | 2023-03-31 |
2022-12-14 | $0.42 | quarterly | 2023-01-03 |
2022-09-14 | $0.42 | quarterly | 2022-09-30 |
2022-06-14 | $0.41 | quarterly | 2022-06-30 |
2022-03-14 | $0.42 | quarterly | 2022-03-31 |
2021-12-14 | $0.42 | quarterly | 2021-12-31 |
2021-09-14 | $0.42 | quarterly | 2021-09-30 |
2021-06-14 | $0.41 | quarterly | 2021-06-30 |
2021-03-12 | $0.42 | quarterly | 2021-03-31 |
2020-12-14 | $0.42 | quarterly | 2020-12-31 |
2020-09-14 | $0.42 | quarterly | 2020-09-30 |
2020-06-12 | $0.41 | quarterly | 2020-06-30 |
2020-03-13 | $0.42 | quarterly | 2020-03-31 |
2019-12-13 | $0.42 | quarterly | 2019-12-31 |
2019-09-13 | $0.42 | quarterly | 2019-09-30 |
2019-06-14 | $0.42 | quarterly | 2019-07-01 |
2019-03-14 | $0.42 | quarterly | 2019-04-01 |
2018-12-14 | $0.42 | quarterly | 2018-12-31 |
2018-09-14 | $0.42 | quarterly | 2018-10-01 |
2018-06-14 | $0.31 | quarterly | 2018-07-02 |
Eagle Point Credit Dividend per year
Eagle Point Credit Dividend growth
Eagle Point Credit Dividend Yield
Eagle Point Credit current trailing twelve-month (TTM) dividend yield is 18.66%. Interested in purchasing Eagle Point Credit stock? Use our calculator to estimate your expected dividend yield:
Eagle Point Credit Financial Ratios
Eagle Point Credit Dividend FAQ
Other factors to consider when evaluating Eagle Point Credit as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Eagle Point Credit's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Eagle Point Credit publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Eagle Point Credit distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Eagle Point Credit are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Eagle Point Credit sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Eagle Point Credit distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Eagle Point Credit declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Eagle Point Credit's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Eagle Point Credit's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.