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

Posted by Max Byerly on Feb 15th, 2025

Eagle Point Income Company Inc. (NYSE:EIC – Get Free Report) declared a monthly dividend on Friday, February 14th,Wall Street Journal reports. Investors of record on Tuesday, June 10th will be paid a dividend of 0.20 per share on Monday, June 30th. This represents a $2.40 annualized dividend and a dividend yield of 15.09%. The ex-dividend date is Tuesday, June 10th.

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

Eagle Point Income Trading Up 0.3 %

Shares of Eagle Point Income stock opened at $15.90 on Friday. The company has a 50-day moving average of $15.72 and a 200 day moving average of $15.76. Eagle Point Income has a 1 year low of $14.78 and a 1 year high of $16.75.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EIC shares. LADENBURG THALM/SH SH upgraded shares of 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.

Read Our Latest Report on Eagle Point Income

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.