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

Posted by Dee Baugher on Nov 9th, 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 Tuesday, March 11th will be paid a dividend of 0.20 per share on Monday, March 31st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 14.55%. The ex-dividend date of this dividend is Tuesday, March 11th.

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

Eagle Point Income Price Performance

Shares of EIC stock opened at $16.49 on Friday. The firm has a fifty day moving average of $15.93 and a 200-day moving average of $15.85. Eagle Point Income has a 12-month low of $14.15 and a 12-month high of $16.75.

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

Analyst Ratings Changes

Separately, B. Riley started coverage on shares of Eagle Point Income in a research report on Tuesday, September 3rd. They set a “buy” rating and a $17.50 price objective on the stock.

Check Out Our Latest Report on EIC

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.