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

Eagle Point Income Company Inc. (NYSE:EIC) announced a monthly dividend on Friday, November 13th. Investors of record on Monday, February 8th will be paid a dividend of $0.11 per share on Friday, February 26th. This represents a $1.32 annualized dividend and a dividend yield of 14.3%. The ex-dividend date is Monday, February 8th.

Eagle Point Income Price Performance

Shares of NYSE:EIC traded up $0.38 during trading on Friday, reaching $9.26. 238,923 shares of the stock were exchanged, compared to its average volume of 143,801. Eagle Point Income has a 1-year low of $8.50 and a 1-year high of $11.89. The stock has a fifty day moving average of $9.20 and a two-hundred day moving average of $9.87.

Eagle Point Income (NYSE:EIC) last released its earnings results on Friday, November 13th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.42.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EIC. Kestra Advisory Services LLC boosted its holdings in Eagle Point Income by 137.9% in the 3rd quarter. Kestra Advisory Services LLC now owns 174,535 shares of the company’s stock worth $1,613,000 after buying an additional 101,183 shares during the period. Advisory Solutions Group LLC purchased a new position in Eagle Point Income in the second quarter valued at $1,476,000. Susquehanna International Group LLP purchased a new stake in Eagle Point Income in the 2nd quarter worth $630,000. Almitas Capital LLC purchased a new position in shares of Eagle Point Income in the second quarter valued at approximately $811,000. Finally, Clear Harbor Asset Management LLC purchased a new position in Eagle Point Income in the 2nd quarter worth approximately $1,048,000.

About Eagle Point Income

Eagle Point Income Company, Inc. (NYSE: EIC) is a closed-end management investment company focused primarily on generating current income and, to a lesser extent, capital appreciation. The company invests mainly in collateralized loan obligations (CLOs), which are securities backed by portfolios of senior secured loans made to corporate borrowers. EIC typically invests across different levels of the CLO capital structure, including debt tranches and equity interests. Its portfolio may also include other investments related to corporate credit and structured finance.