Eagle Point Income Company Inc. (EIC) To Go Ex-Dividend on September 10th

Eagle Point Income Company Inc. (NYSE:EIC) announced a monthly dividend on Tuesday, May 12th. Shareholders of record on Thursday, September 10th will be given a dividend of 0.11 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 13.2%. The ex-dividend date of this dividend is Thursday, September 10th.

Eagle Point Income Price Performance

EIC stock opened at $9.99 on Tuesday. The firm has a 50 day moving average of $10.04 and a two-hundred day moving average of $10.04. Eagle Point Income has a 12 month low of $9.17 and a 12 month high of $13.92.

Eagle Point Income (NYSE:EIC) last released its quarterly earnings results 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. The business had revenue of ($3.11) million for the quarter, compared to the consensus estimate of $12.15 million.

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.