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

Posted by Dante Gardener on Feb 8th, 2025

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 dividend on an annualized basis and a yield of 15.08%. The ex-dividend date of this dividend is Monday, February 10th.

Eagle Point Income has increased its dividend payment by an average of 27.2% annually over the last three years.

Eagle Point Income Trading Down 0.4 %

EIC stock opened at $15.91 on Friday. Eagle Point Income has a 12 month low of $14.78 and a 12 month high of $16.75. The company has a fifty day moving average price of $15.70 and a 200 day moving average price of $15.76.

Analyst Ratings Changes

EIC has been the topic of several recent research reports. LADENBURG THALM/SH SH raised Eagle Point Income to a “strong-buy” rating in a research note on Thursday, January 16th. B. Riley upgraded shares of Eagle Point Income to a “strong-buy” rating in a research note on Tuesday, January 7th.

Check Out 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.