Eagle Point Income Company Inc. (EIC)
Market Value | 301.99M |
Revenue (ttm) | 41.07M |
Net Income (ttm) | 34.06M |
Shares Out | 18.56M |
EPS (ttm) | 1.84 |
PE Ratio | 8.87 |
Forward PE | 8.34 |
Dividend | $2.40 (14.75%) |
Ex-Dividend Date | Mar 11, 2025 |
Volume | 280,392 |
Open | 16.10 |
Previous Close | 16.07 |
Day's Range | 16.08 - 16.27 |
52-Week Range | 14.78 - 16.75 |
Beta | 0.47 |
Analysts | n/a |
Price Target | n/a |
Earnings Date | n/a |
About EIC
Eagle Point Income Company manages capital on behalf of institutional, high-net-worth, and retail investors through private funds, separately managed accounts, and publicly-listed closed-end vehicles. They provide CLO securities and related investments. The investment objective is to generate high current income, with a secondary objective to generate capital appreciation. [Read more]
News
How I Plan To Invest $700,000 To Pay Bills With Dividends Forever
A portfolio of $700,000 is large enough to produce an annual dividend income that matches the national average individual income of $64,000. I prioritize high-yield investments like BDCs, REITs, MLPs,...
Eagle Point Income: 2-Year Term Preferred Offers 7.3% Yield To Maturity
I recommend Eagle Point Income's preferred shares Series A due to their appealing yield to maturity of 7.3-7.4% and strong asset coverage ratio exceeding 300%. EIC's net investment income of $8.6M com...
Preferreds Weekly Review: Market Doesn't Differentiate Between CLO Equity Senior Securities
We take a look at the action in preferreds and baby bonds through the third week of December and highlight some of the key themes we are watching. All preferred stock sectors declined, mirroring Treas...
Three Buys In This Fed-Fueled Sell Off
The Fed's revised guidance for only two rate cuts in 2025 caused market panic, despite a current rate cut to 4.25-4.5%. Floating rate instruments like CLOs remain attractive due to their high-yield an...
Seeking Yields Of +15%
High yields from closed-end funds can regularly provide you with a massive supply of cash. Cash is how we pay our bills, not our portfolio value. Your retirement portfolio is a bedrock part of your re...
Eagle Point Income: Q3 Earnings Reinforces Portfolio Strength
Eagle Point Income (EIC) operates as a closed end fund that supported its high 14.7% dividend yield through a portfolio of CLO debt and equity investments. The recent Q3 earnings report provides reass...
Eagle Point Income Co Inc. (EIC) Q3 2024 Earnings Call Transcript
Eagle Point Income Co Inc. (NYSE:EIC) Q3 2024 Earnings Conference Call November 14, 2024 11:30 AM ET Company Participants Garrett Edson - ICR Thomas Majewski - Chairman and Chief Executive Officer Da...
Eagle Point Income Company Inc. Announces Third Quarter 2024 Financial Results
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today announced financial results for the quarter ended September 30, 2024 and...
Bargain Securities From NewtekOne And Eagle Point Income Company
At our Conservative Income Portfolio service, I specialize in uncovering relatively mispriced/undervalued preferred stocks and bonds that often fly under the radar and that should significantly outper...
Eagle Point Income Company Inc. Announces First Quarter 2025 Common and Preferred Distributions
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today is pleased to announce the declaration of distributions on shares of the...
Eagle Point Income Company Inc. Schedules Release of Third Quarter 2024 Financial Results on Thursday, November 14, 2024
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today announced that it plans to report financial results for the quarter ende...
CEF Weekly Review: High Premiums Can Be Fragile
We review the CEF market valuation and performance through the third week of October and highlight recent market action. Discounts widened despite NAV strength across most CEF sectors; MLPs and Equity...
Preferreds Weekly Review: Embedded Options And Redemption Likelihood
We take a look at the action in preferreds and baby bonds through the first week of October and highlight some of the key themes we are watching. Preferred stocks saw slight declines as Treasury yield...
EICC: Compared To Other 2029 Choices, I Have Downgraded My Rating To Sell
I am downgrading Eagle Point Income Company Inc. NT 29, trading under EICC, from Buy to Sell due to poor yield comparisons and coverage ratio. EICC's primary investment objective is high current incom...
Eagle Point Income: 15% Yield On Common Stock, 8% On Preferred Stock
Eagle Point Income's strong balance sheet ensures the preferred equity is well covered, with a healthy 311% asset coverage ratio at the end of June. The focus is on preferred shares, particularly EICA...
Eagle Point Income Co Inc (EIC) Q2 2024 Earnings Call Transcript
Eagle Point Income Co Inc (NYSE:EIC) Q2 2024 Earnings Conference Call August 6, 2024 11:30 AM ET Company Participants Peter Sceusa – ICR Tom Majewski – Chairman and Chief Executive Officer Dan Ko – S...
Eagle Point Income Company Inc. Announces Second Quarter 2024 Financial Results
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today announced financial results for the quarter ended June 30, 2024 and cert...
Eagle Point Income Company Inc. Announces Fourth Quarter 2024 Common and Preferred Distributions
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today is pleased to announce the declaration of distributions on shares of the...
Eagle Point Income: May Benefit From Interest Rate Cuts
Eagle Point Income operates as a closed end management company with a focus on CLO debt investments. EIC focuses on BB-rated CLO debt investments made on a floating rate basis. This floating rate focu...
Eagle Point Income Company Inc. Schedules Release of Second Quarter 2024 Financial Results on Tuesday, August 6, 2024
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today announced that it plans to report financial results for the quarter ende...
5 Closed-End Fund Buys (And 2 Sells) In The Month Of June 2024
June was another month where we saw broader equities hitting new all-time highs. However, that participation was rather narrow as the mega-cap tech names led the way higher. This last month, I added t...
Our Latest Picks In The 8-9%-Yielding CLO Equity Senior Security Sector
The CLO equity senior security sector is easy to overlook, but it has a number of attractive features such as high yields, strong asset coverage levels and mandatory maturities. We review the sector, ...
Eagle Point Income: Where This High-Yield CLO Fund Fits In The Risk Stack
Eagle Point Credit Management manages two CLO-focused CEFs, with Eagle Point Income Company offering a nearly 15% yield. Closed-end funds offer high yields through various strategies, including collat...
CLO Closed-End Funds: Baby Bonds And Preferred Offering Steady Income
Collateralized loan obligation closed-end fund preferreds and baby bonds can offer relatively secure sources of income generation for investors. These offerings are subject to stricter regulations und...
Eagle Point Income Company Inc. (EIC) Q1 2024 Earnings Call Transcript
Eagle Point Income Company Inc. (NYSE:EIC) Q1 2024 Earnings Conference Call May 21, 2024 11:30 AM ET Company Participants Peter Sceusa - IR Tom Majewski - Chairperson & CEO Dan Ko - Senior Principal ...