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

Eagle Point Income Company Inc. (NYSE:EICGet Free Report) declared a monthly dividend on Thursday, August 13th. Shareholders of record on Tuesday, November 10th will be given a dividend of 0.11 per share on Monday, November 30th. This represents a c) annualized dividend and a yield of 13.1%. The ex-dividend date is Tuesday, November 10th.

Eagle Point Income Trading Down 0.7%

Shares of Eagle Point Income stock opened at $10.09 on Friday. The company has a 50-day simple moving average of $10.09 and a two-hundred day simple moving average of $10.10. Eagle Point Income has a one year low of $9.17 and a one year high of $13.92.

Eagle Point Income (NYSE:EICGet Free Report) 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.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.25.

View Our Latest Stock Report on Eagle Point Income

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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