Eagle Point Income Company Inc. (NYSE:EIC) Announces Monthly Dividend of $0.20

Posted by Cynthia Vaughn on Nov 8th, 2024

Eagle Point Income Company Inc. (NYSE:EIC – Get Free Report) announced a monthly dividend on Friday, November 8th,Wall Street Journal reports. Investors of record on Monday, February 10th will be given a dividend of 0.20 per share on Friday, February 28th. This represents a $2.40 dividend on an annualized basis and a yield of 14.42%. The ex-dividend date is Monday, February 10th.

Eagle Point Income has increased its dividend by an average of 26.3% per year over the last three years.

Eagle Point Income Stock Performance

Shares of EIC opened at $16.65 on Friday. The business has a 50-day simple moving average of $15.91 and a two-hundred day simple moving average of $15.84. Eagle Point Income has a 52 week low of $14.14 and a 52 week high of $16.75.

Eagle Point Income (NYSE:EIC – Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.44 EPS for the quarter. The company had revenue of $10.92 million during the quarter.

Analyst Ratings Changes

Separately, B. Riley started coverage on Eagle Point Income in a research report on Tuesday, September 3rd. They issued a “buy” rating and a $17.50 price target for the company.

Read Our Latest Research Report on Eagle Point Income

Eagle Point Income Company Profile

(Get Free Report)

About Eagle Point Income Company is a non-diversified,closed-end management investment company. The Company’s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in junior debt tranches of CLOs. In addition, the Company may invest up to 20% of its total assets (at the time of investment) in CLO equity securities and related securities and instruments.