Eagle Point Income Company Inc. (EIC) to Issue Monthly Dividend of $0.11 on December 31st

Eagle Point Income Company Inc. (NYSE:EIC) declared a monthly dividend on Thursday, August 13th. Stockholders of record on Friday, December 11th will be given a dividend of 0.11 per share on Thursday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 13.1%. The ex-dividend date of this dividend is Friday, December 11th.

Eagle Point Income Trading Down 0.7%

Shares of EIC stock opened at $10.09 on Friday. The firm’s 50-day simple moving average is $10.09 and its 200-day simple moving average is $10.10. Eagle Point Income has a 1-year low of $9.17 and a 1-year high of $13.92.

Eagle Point Income (NYSE:EIC) last released its earnings results on Thursday, August 13th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its stake in Eagle Point Income by 63.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,735 shares of the company’s stock worth $31,000 after buying an additional 1,064 shares during the period. TCTC Holdings LLC raised its stake in shares of Eagle Point Income by 38.5% in the 4th quarter. TCTC Holdings LLC now owns 3,600 shares of the company’s stock valued at $41,000 after acquiring an additional 1,000 shares during the period. N.E.W. Advisory Services LLC lifted its holdings in shares of Eagle Point Income by 100.0% during the 4th quarter. N.E.W. Advisory Services LLC now owns 4,000 shares of the company’s stock valued at $46,000 after acquiring an additional 2,000 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Eagle Point Income during the 3rd quarter valued at $89,000. Finally, Evolve Private Wealth LLC acquired a new position in shares of Eagle Point Income during the 4th quarter valued at $122,000.

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.