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

Posted by Don Miller on Nov 8th, 2024

Eagle Point Income Company Inc. (NYSE:EIC – Get Free Report) announced a monthly dividend on Thursday, November 7th,Wall Street Journal reports. Shareholders of record on Monday, February 10th will be paid a dividend of 0.20 per share on Friday, February 28th. This represents a $2.40 annualized dividend and a yield of 14.42%. The ex-dividend date is Monday, February 10th.

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

Eagle Point Income Stock Performance

Shares of Eagle Point Income stock opened at $16.65 on Friday. Eagle Point Income has a twelve month low of $14.14 and a twelve month high of $16.75. The business has a 50-day moving average price of $15.91 and a 200-day moving average price of $15.84.

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

Wall Street Analyst Weigh In

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

Read Our Latest Analysis on EIC

About Eagle Point Income

(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.