Tuesday Is Your Last Chance To Buy Eagle Point Credit Co Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Eagle Point Credit Co (NYSE:ECC) has announced a monthly dividend of 14 cents per share, with Tuesday being the last day for investors to own the stock and be eligible for the dividend. The stock will go ex-dividend on Wednesday, meaning it will trade lower by the dividend amount. The dividend is scheduled to be paid on January 31, 2024.
January 05, 2024 | 2:45 pm
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Eagle Point Credit Co is set to pay a monthly dividend of 14 cents per share, with the ex-dividend date being this Wednesday. The stock is expected to open lower by the dividend amount on that day.
The stock price of Eagle Point Credit Co is likely to decrease in the short term by the amount of the dividend as it goes ex-dividend. This is a common occurrence as the value of the dividend is accounted for in the stock price. However, the impact is typically short-lived and reflects the distribution of the dividend rather than a change in the company's fundamentals.
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