Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Eagle Point Credit Company Inc. is a U.S.-based closed-end management investment company that primarily invests in equity and debt tranches of collateralized loan obligations (CLOs). The company operates within the alternative asset management and structured credit segments of the financial services industry, focusing on generating high current income with the potential for capital appreciation. Its shares trade publicly on the New York Stock Exchange, and ECCPRD represents one of its series of preferred stock securities.
The company’s core revenue driver is income generated from its investment portfolio, particularly cash distributions from CLO equity and interest income from CLO debt securities. Eagle Point Credit Company serves income-oriented investors seeking exposure to leveraged loan markets through professionally managed CLO investments. Its strategic positioning is defined by specialization in CLO equity, active portfolio management, and leveraging the expertise of its external investment adviser. The company was founded in 2014 and has expanded its capital structure over time through common equity, preferred equity offerings, and debt instruments to support portfolio growth.
Business Operations
Eagle Point Credit Company conducts its operations through a single investment platform, managed externally by Eagle Point Credit Management LLC, which is responsible for sourcing, analyzing, and managing CLO investments. The company’s portfolio consists primarily of CLO equity tranches, supplemented by CLO debt tranches and, to a lesser extent, opportunistic credit-related investments. Revenue is generated from recurring cash flows distributed by CLO vehicles, as well as realized and unrealized gains on investments.
The company’s operations are primarily U.S.-focused but indirectly diversified across industries and borrowers through the underlying leveraged loans held in CLO structures. Eagle Point Credit Company does not have operating subsidiaries in the traditional sense; instead, it holds interests in securitization vehicles. There are no disclosed joint ventures, but the company relies heavily on long-term relationships with major CLO managers, trustees, and financing counterparties to execute its investment strategy.
Strategic Position & Investments
Strategically, Eagle Point Credit Company seeks to capitalize on inefficiencies and risk-adjusted return opportunities in the CLO market, particularly in equity tranches that offer higher yield potential. Growth initiatives have historically included issuing additional preferred stock series, such as ECCPRD, and debt securities to raise capital for incremental CLO investments. The company has also pursued opportunistic investments during periods of market dislocation to enhance long-term returns.
The company does not operate as a conglomerate with multiple subsidiaries but maintains a focused investment mandate. Its key strategic asset is its relationship with Eagle Point Credit Management LLC, whose experience in structured credit and leveraged loans underpins portfolio construction and risk management. Emerging areas of focus include selective investments in CLO debt tranches and refinancings or resets of existing CLO positions to improve cash flow profiles, subject to market conditions.
Geographic Footprint
Eagle Point Credit Company is headquartered in the United States, with its principal executive offices in Connecticut. While the company’s direct operations are domestic, its investment exposure is globally diversified through CLOs that hold loans to issuers operating across North America and, to a lesser extent, Europe. This indirect geographic diversification is driven by the borrower base of the leveraged loan market rather than by direct international offices.
The company does not maintain physical operations or employees outside the United States. However, its investment influence extends across multiple regions due to the multinational nature of many corporate borrowers within CLO portfolios, providing exposure to a broad range of economic sectors and geographies.
Leadership & Governance
Eagle Point Credit Company is externally managed and overseen by a board of directors, with day-to-day investment decisions delegated to its investment adviser. The leadership team emphasizes disciplined credit analysis, active portfolio management, and long-term income generation aligned with shareholder interests.
Key executives include:
- Thomas P. Majewski – Chief Executive Officer
- Kenneth P. Spellman – President
- Richard A. Gaspari – Chief Financial Officer
- Jonathan H. Bock – Chief Operating Officer
- Andrew S. Wehrmann – Chairman of the Board
The leadership philosophy centers on conservative leverage management, transparency with investors, and leveraging deep expertise in structured credit markets to navigate credit cycles while maintaining consistent income distributions.