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

Eagle Point Income Company Inc. (NYSE:EIC) declared a monthly dividend on Thursday, November 13th. Stockholders of record on Wednesday, March 11th will be given a dividend of 0.11 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 14.0%. The ex-dividend date is Wednesday, March 11th.

Eagle Point Income Price Performance

Shares of Eagle Point Income stock opened at $9.44 on Monday. The business’s 50 day simple moving average is $10.67 and its 200 day simple moving average is $11.81. Eagle Point Income has a 52-week low of $9.42 and a 52-week high of $16.05.

Eagle Point Income (NYSE:EIC) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $14.50 million for the quarter, compared to analyst estimates of $14.70 million.

Eagle Point Income Company Profile

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.