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

Eagle Point Income Company Inc. (NYSE:EIC) declared a monthly dividend on Tuesday, February 17th. Stockholders of record on Friday, April 10th will be given a dividend of 0.11 per share on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 14.0%. The ex-dividend date of this dividend is Friday, April 10th.

Eagle Point Income Stock Performance

NYSE:EIC opened at $9.40 on Wednesday. The firm’s 50-day moving average is $9.91 and its 200-day moving average is $11.18. Eagle Point Income has a 52-week low of $9.17 and a 52-week high of $14.83.

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

Institutional Trading of Eagle Point Income

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in Eagle Point Income by 63.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,735 shares of the company’s stock valued at $31,000 after acquiring an additional 1,064 shares during the period. TCTC Holdings LLC increased its stake in Eagle Point Income by 38.5% in the fourth quarter. TCTC Holdings LLC now owns 3,600 shares of the company’s stock valued at $41,000 after acquiring an additional 1,000 shares during the period. N.E.W. Advisory Services LLC increased its stake in Eagle Point Income by 100.0% in the fourth quarter. N.E.W. Advisory Services LLC now owns 4,000 shares of the company’s stock valued at $46,000 after acquiring an additional 2,000 shares during the period. Advisory Services Network LLC bought a new stake in Eagle Point Income in the third quarter valued at about $89,000. Finally, Evolve Private Wealth LLC bought a new stake in Eagle Point Income in the fourth quarter valued at about $122,000.

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.