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

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

Eagle Point Income Price Performance

EIC traded up $0.16 during trading on Thursday, hitting $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 stock has a 50 day moving average price of $10.11 and a 200 day moving average price of $10.11.

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

Wall Street Analyst Weigh In

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

View Our Latest Analysis on Eagle Point Income

Eagle Point Income Company Profile

(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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