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Eagle Point Credit Company Inc. (ECCC)

NYSE - NYSE Delayed Price. Currency in USD
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23.23+0.03 (+0.13%)
At close: 03:32PM EDT
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  • L
    what now? Going down because....?
  • M
    Been through many recessions the past 40 years. It will take til 2023 before profits start to improve. As rates go up so do new loan rates and more profit. I still remember rates as high as 24%.
  • K
    ECC didn't appear to be showing strain in the last earnings, potential special $12.40 and below this is a buy barring full out economic collapse....then we have bigger issues.
  • L
    I am in! Looking forward to a potential special dividend too!
  • K
    From the conference call today, potential for a special dividend late summer/year:
    To sum up, net investment income and realized gains, excluding nonrecurring items, once again exceeded our regular common distributions in the first quarter. We raised our monthly common distribution by 17% to $0.14 per share beginning in April, and that distribution rate has continued into the third quarter.

    We paid a $0.50 special distribution back in January with a potential for one more special distribution later this year, we'll know that once we've finalized our taxable income for 2021 at some point over the summer.
  • g
    Regarding the monthly div that was increased a few months ago, does Eagle use a published method in calculating what they pay, or is it just random?
  • J
    What is the reason for the sell off today, don't see any news,
  • K
    ECC had great guidance last earnings. I'm not seeing what changed - they were well aware of rising rates etc....I think we are seeing bargain prices.
  • R
    NAV per common share as of April 30, 2022 was between $12.44 and $12.54. It was $13.39 as of December 31, 2021 so dropped 7% ish, which is what we're down today in share price
  • J
    ECC have a DRIP at NAV? I'm guessing no because I can't find ECC NAV price.
  • D
    my Roth won't let me buy this
  • A
    Is there a share price discount if you drip on ECC?
  • C
    Anyone receive drip yet ?
  • J
    I took the plunge a few days ago with 1000 shares, primarily looking for the dividend but certainly won't turn down any appreciation in stock price.
  • o
    ECC has the number of shares reported each quarter on its web site (along with the NAV).
    It has added 4 million shares in the last 9 months (or 16% dilution of the NAV).
    ECC are on pace to dilute the NAV by 20% in 2019.
    So they are paying you about 15% per year - but diluting the value of your existing shares by over 20% per year.
    Are you really getting paid in this situation?

    If you are expecting the NAV to bounce back next year, ask yourself what happens if the assets fully
    recover their original value after 2 years - but you now have to share those fully recovered assets with 40% additional people.
  • G
    Gilbert GN
    anyone know why we are not getting the premium above the NAV we use to get?
  • K
    Does anyone have any thoughts on the market price drop? I would think with meeting guidance, raising dividend etc. that we would be on the rise. Pushing towards the 12 range isn't making much sense when we were at $15 no that long ago.
  • R
    Big move in price the last 4 trading days. 18.05 up to 19.04. Does that mean there may be a dividend increase on the way?
  • M
    Mr Pootown
    Insider Buying. Changed monthly divy closer to all income. 8 cents. 15% yield. What's not to like