Eagle Point Income Company Inc. (EIC) to Distribute Monthly Dividend of $0.11 on October 30th

Eagle Point Income Company Inc. (NYSE:EICGet Free Report) announced a monthly dividend on Thursday, August 13th. Shareholders 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 yield of 13.1%. The ex-dividend date of this dividend is Tuesday, October 13th.

Eagle Point Income Stock Performance

Shares of EIC stock opened at $10.09 on Friday. The firm has a fifty day simple moving average of $10.09 and a two-hundred day simple moving average of $10.10. Eagle Point Income has a 12 month low of $9.17 and a 12 month high of $13.92.

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

Analysts Set New Price Targets

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

Read Our Latest Stock Report on EIC

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.

Further Reading

Dividend History for Eagle Point Income (NYSE:EIC)

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