Eagle Point Income Company Inc. (EIC) To Go Ex-Dividend on August 11th

Eagle Point Income Company Inc. (NYSE:EIC) announced a monthly dividend on Tuesday, May 12th. Shareholders of record on Tuesday, August 11th will be given a dividend of 0.11 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 12.3%. The ex-dividend date of this dividend is Tuesday, August 11th.

Eagle Point Income Price Performance

Eagle Point Income stock opened at $10.75 on Thursday. The business’s fifty day simple moving average is $9.79 and its two-hundred day simple moving average is $10.72. Eagle Point Income has a 12 month low of $9.17 and a 12 month high of $14.80.

Eagle Point Income (NYSE:EIC) last released its earnings results on Thursday, February 26th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The company had revenue of $14.50 million during the quarter, compared to the consensus estimate of $14.70 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Penserra Capital Management LLC bought a new position in shares of Eagle Point Income during the third quarter valued at $9,959,000. Rivernorth Capital Management LLC bought a new position in shares of Eagle Point Income during the fourth quarter valued at $5,992,000. Flax Pond Capital LLC bought a new position in shares of Eagle Point Income during the fourth quarter valued at $5,160,000. North Ground Capital bought a new position in shares of Eagle Point Income during the third quarter valued at $5,683,000. Finally, Thomas J. Herzfeld Advisors Inc. bought a new position in shares of Eagle Point Income during the fourth quarter valued at $3,546,000.

About Eagle Point Income

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.