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

Eagle Point Income Company Inc. (NYSE:EIC) declared a monthly dividend on Tuesday, May 12th. Investors of record on Monday, July 13th will be given a dividend of 0.11 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 12.3%. The ex-dividend date is Monday, July 13th.

Eagle Point Income Price Performance

NYSE EIC traded up $0.20 during trading hours on Wednesday, hitting $10.70. The company had a trading volume of 47,653 shares, compared to its average volume of 183,469. Eagle Point Income has a fifty-two week low of $9.17 and a fifty-two week high of $14.80. The business has a fifty day simple moving average of $9.77 and a 200-day simple moving average of $10.73.

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