Eagle Point Income Company Inc. (EIC) to Issue Monthly Dividend of $0.11 on January 30th

Eagle Point Income Company Inc. (NYSE:EIC) announced a monthly dividend on Thursday, November 13th. Investors of record on Monday, January 12th will be paid a dividend of 0.11 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date of this dividend is Monday, January 12th.

Eagle Point Income Stock Up 1.1%

Shares of Eagle Point Income stock opened at $11.20 on Friday. The stock’s fifty day moving average is $11.48 and its two-hundred day moving average is $12.58. Eagle Point Income has a 52 week low of $10.81 and a 52 week high of $16.39.

Eagle Point Income (NYSE:EIC) last released its earnings results on Thursday, November 13th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03.

Institutional Investors Weigh In On Eagle Point Income

Several large investors have recently modified their holdings of the business. AdvisorNet Financial Inc lifted its position in shares of Eagle Point Income by 97.4% in the 2nd quarter. AdvisorNet Financial Inc now owns 3,322 shares of the company’s stock worth $45,000 after purchasing an additional 1,639 shares during the period. Friedenthal Financial bought a new position in Eagle Point Income in the second quarter worth approximately $79,000. Advisory Services Network LLC purchased a new stake in Eagle Point Income during the third quarter worth $89,000. Astoria Portfolio Advisors LLC. purchased a new stake in Eagle Point Income during the third quarter worth $131,000. Finally, Cetera Investment Advisers boosted its position in Eagle Point Income by 17.8% during the 2nd quarter. Cetera Investment Advisers now owns 14,369 shares of the company’s stock valued at $196,000 after acquiring an additional 2,170 shares in the last quarter.

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.