Eagle Point Income Company Inc. (EIC) to Issue Monthly Dividend of $0.11 on June 30th

Eagle Point Income Company Inc. (NYSE:EIC) declared a monthly dividend on Tuesday, February 17th. Investors of record on Wednesday, June 10th will be given a dividend of 0.11 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date is Wednesday, June 10th.

Eagle Point Income Trading Up 1.9%

Shares of EIC stock opened at $10.31 on Thursday. The business’s 50 day simple moving average is $11.00 and its 200 day simple moving average is $12.05. Eagle Point Income has a one year low of $9.78 and a one year high of $16.11.

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.