Eagle Point Income Company Inc. (EIC) to Issue Monthly Dividend of $0.20 on June 30th

Posted by John. R. Edwardson on Feb 16th, 2025

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

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

Eagle Point Income Stock Up 0.3 %

NYSE:EIC opened at $15.90 on Friday. The stock’s 50-day moving average is $15.72 and its two-hundred day moving average is $15.76. Eagle Point Income has a fifty-two week low of $14.78 and a fifty-two week high of $16.75.

Analysts Set New Price Targets

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

View Our Latest Research Report on EIC

Eagle Point Income Company Profile

(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.