Eagle Point Income Company Inc. (NYSE:EIC – Get Free Report) declared a monthly dividend on Tuesday, February 17th. Stockholders of record on Friday, April 10th will be paid a dividend of 0.11 per share on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 13.0%. The ex-dividend date is Friday, April 10th.
Eagle Point Income Stock Down 0.3%
Shares of NYSE:EIC opened at $10.13 on Wednesday. Eagle Point Income has a 1 year low of $9.78 and a 1 year high of $16.11. The stock’s fifty day moving average price is $11.01 and its 200-day moving average price is $12.07.
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.
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