Eagle Point Income Company Inc. (NYSE:EIC) to Issue Monthly Dividend of $0.11

Eagle Point Income Company Inc. (NYSE:EIC) announced a monthly dividend on Tuesday, February 17th. Investors of record on Monday, May 11th will be given a dividend of 0.11 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 13.0%. The ex-dividend date of this dividend is Monday, May 11th.

Eagle Point Income Price Performance

NYSE:EIC traded down $0.03 during trading hours on Tuesday, hitting $10.13. 286,450 shares of the company traded hands, compared to its average volume of 229,256. The firm’s 50-day simple moving average is $11.03 and its 200-day simple moving average is $12.08. Eagle Point Income has a one year low of $9.78 and a one year high of $16.11.

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.