Eagle Point Credit Co Inc (ECC)
NYSE NYSE Primary 
XFRA 
Seeking Yields Of +15%
High yields from closed-end funds can regularly provide you with a massive supply of cash. Cash is how we pay our bills, not our portfolio value. Your retirement portfolio is a bedrock part of your retirement financial plan.
Buy The Dip, Collect 18% Yields - Eagle Point Credit
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2 Income Machines That Keep Pumping Cash
Discover how reliable dividends can transform your portfolio into a consistent income powerhouse. Passive income generation from dividends can take you closer to financial freedom. We discuss our top picks with up to 10% yields for a sustainable retirement.
ECC: A High Yield Macroeconomic Bet On Low Default Rates
CLO Equity offers high returns but comes with significant risks, especially during economic downturns, as defaults can severely impact the equity tranche. ECC's GAAP Net Investment Income (NII) is insufficient to cover its dividend payouts, leading to NAV erosion and reliance on share issuances. ECC's current dividend yield of 21.19% is unsustainable, with expected long-term returns of 12.80%, assuming stable economic conditions and limited defaults.
Eagle Point Credit: The 8.5% Yielding Series D Preferreds Are Discounted, I Doubled My Position
CLO preferreds offer a low-risk investment opportunity due to their higher priority in the capital stack and strong asset coverage ratio. The ECC Preferred D shares are currently trading for 80 cents on the dollar and offer an 8.5% dividend yield. A soft landing, further Fed rate cuts, and an end to the issue of new preferreds all form future positive catalysts.
Eagle Point Credit Co LLC (ECC) Q3 2024 Earnings Call Transcript
Eagle Point Credit Co LLC (NYSE:ECC ) Q3 2024 Earnings Conference Call November 14, 2024 10:00 AM ET Corporate Participants Garrett Edson - ICR, Investor Relations Tom Majewski - Chief Executive Officer Ken Onorio - Chief Financial Officer and Chief Operating Officer Conference Call Participants Mickey Schleien - Ladenburg Thalmann Matthew Howlett - B. Riley Securities Paul Johnson - KBW Greg Kraut - KPG Funds Operator Greetings.
Eagle Point (ECC) Q3 Earnings and Revenues Surpass Estimates
Eagle Point (ECC) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.34 per share a year ago.
2 Deep Fixed-Income Bargains From Oxford Lane And Eagle Point
Eagle Point Credit's Preferred “D” is grossly undervalued due to the company's open market selling of the shares, which has greatly suppressed its price and offers an 8.65% yield. ECC.PR.D has lagged its closest peer by over 18% and the PFF preferred stock ETF by over 11%. When the selling ends, there is big upside here. Oxford Lane offers a very undervalued baby bond - symbol OXLCI. Its yield to maturity blows away the other baby bonds in the sector (and even many term preferred stocks).
Readers Identify 25 Ideal September Dividend Buys Out Of 39 Picks
Since May 2017, any dividend-paying stock mentioned by readers is included in my reader favorite listings, highlighting potential opportunities and risks. My stock lists aim to identify promising dividend stocks, using a contrarian investing strategy, primarily for new buyers seeking high-yield opportunities. Reader feedback is crucial for correcting errors and refining strategies, including suggestions for buy-and-hold stocks and option strategies for monthly dividends.
Your Retirement Can Be Saved By Income: ECC
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Eagle Point Credit Collects Income From CLO Equity (Mostly) And Yields Over 19%
I rate Eagle Point Credit Company a Strong Buy due to its high-yield distribution supported by strong returns from CLO equity positions. ECC offers a nearly 20% yield with a stable $0.16 monthly distribution, backed by recurring cash flows that exceed expenses and distributions.
Eagle Point Credit: 19% Yield On Common And 8.7% On Preferred Equity
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.
