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

Eagle Point Income Company Inc. (NYSE:EIC) declared a monthly dividend on Tuesday, February 17th. Investors of record on Monday, May 11th will be given a dividend of 0.11 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 13.0%. The ex-dividend date of this dividend is Monday, May 11th.

Eagle Point Income Price Performance

Shares of Eagle Point Income stock traded down $0.03 during trading hours on Tuesday, reaching $10.13. The company had a trading volume of 286,450 shares, compared to its average volume of 229,256. Eagle Point Income has a one year low of $9.78 and a one year high of $16.11. The business has a fifty day simple moving average of $11.03 and a 200 day simple moving average of $12.08.

Institutional Trading of Eagle Point Income

Large investors have recently modified their holdings of the business. TCTC Holdings LLC grew its holdings in shares of Eagle Point Income by 38.5% during the fourth quarter. TCTC Holdings LLC now owns 3,600 shares of the company’s stock worth $41,000 after purchasing an additional 1,000 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Eagle Point Income by 63.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,735 shares of the company’s stock valued at $31,000 after purchasing an additional 1,064 shares during the last quarter. Raymond James Financial Inc. grew its stake in Eagle Point Income by 3.6% in the 3rd quarter. Raymond James Financial Inc. now owns 48,471 shares of the company’s stock worth $652,000 after buying an additional 1,701 shares in the last quarter. N.E.W. Advisory Services LLC grew its stake in Eagle Point Income by 100.0% in the 4th quarter. N.E.W. Advisory Services LLC now owns 4,000 shares of the company’s stock worth $46,000 after buying an additional 2,000 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of Eagle Point Income by 17.8% in the 2nd quarter. Cetera Investment Advisers now owns 14,369 shares of the company’s stock worth $196,000 after buying an additional 2,170 shares during the last quarter.

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.