Eagle Point Income Company Inc. (NYSE:EIC) Announces Monthly Dividend of $0.11

Eagle Point Income Company Inc. (NYSE:EICGet Free Report) declared a monthly dividend on Thursday, August 13th. Stockholders of record on Tuesday, October 13th will be paid a dividend of 0.11 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 13.1%. The ex-dividend date is Tuesday, October 13th.

Eagle Point Income Stock Performance

EIC traded up $0.16 during midday trading on Thursday, reaching $10.08. 137,099 shares of the company’s stock were exchanged, compared to its average volume of 146,449. Eagle Point Income has a 1-year low of $9.17 and a 1-year high of $13.92. The business’s 50-day moving average price is $10.11 and its 200 day moving average price is $10.11.

Eagle Point Income (NYSE:EICGet Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.33 by $0.04.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Eagle Point Income from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.25.

Check Out Our Latest Stock Report on EIC

About Eagle Point Income

(Get Free Report)

Eagle Point Income Company (NYSE: EIC) is a closed-end management investment company that primarily invests in the equity and junior debt tranches of collateralized loan obligations (CLOs). Launched in 2019 and domiciled in Maryland, the company seeks to provide shareholders with high current income and the potential for capital appreciation by focusing on structured credit opportunities. Eagle Point Income maintains a diversified portfolio of CLO equity positions, targeting both seasoned and newly issued transactions across multiple risk profiles.

The company’s investment strategy centers on identifying mispriced or underfollowed CLO tranches, where it believes its team’s deep industry expertise can add value.

See Also

Dividend History for Eagle Point Income (NYSE:EIC)

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