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

Eagle Point Income Company Inc. (NYSE:EIC) declared a monthly dividend on Thursday, August 13th. Investors of record on Friday, December 11th will be paid a dividend of 0.11 per share on Thursday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 13.1%. The ex-dividend date is Friday, December 11th.

Eagle Point Income Stock Up 1.7%

EIC stock traded up $0.16 during midday trading on Thursday, hitting $10.08. The stock had a trading volume of 137,099 shares, compared to its average volume of 146,449. Eagle Point Income has a 52 week low of $9.17 and a 52 week high of $13.92. The stock has a 50-day simple moving average of $10.11 and a 200 day simple moving average of $10.11.

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

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.