Eagle Point Income Co. announces NAV estimate and dividends

Eagle Point Income Company Inc. (NYSE:EIC), a financial services firm currently trading at $16.23, has disclosed an unaudited estimate of its net asset value (NAV) per share and declared upcoming monthly distributions for its common stock. According to InvestingPro data, the company maintains a strong GREAT financial health score of 3.28 out of 5.

The company’s estimated NAV per share as of January 31, 2025, ranges from $14.96 to $15.06. This valuation is a key indicator for investors and market analysts, reflecting the company’s financial position and the potential value of its shares. Trading near its 52-week high of $16.75, EIC has demonstrated impressive momentum with a 15.65% return over the past year.

In addition to the NAV update, Eagle Point Income has announced three consecutive monthly distributions of $0.20 per share. These dividends are scheduled to be paid at the end of April, May, and June 2025, with record dates set for April 10, May 12, and June 10, respectively. InvestingPro analysis shows the company offers a substantial 15.07% dividend yield and has raised its dividend for three consecutive years, making it particularly attractive for income-focused investors.

The company’s common stock, along with its various series of term preferred stock, is listed on the New York Stock Exchange under the symbols EIC, EICA, EICB, and EICC. These preferred stocks offer investors different terms and dividend rates, providing a range of investment options within the company’s portfolio. With a moderate P/E ratio of 8.57 and analyst price targets ranging from $16.50 to $17.50, InvestingPro subscribers can access detailed valuation metrics and additional investment insights in the comprehensive Pro Research Report.

This information is based on a press release statement and is essential for current and potential shareholders to understand the company’s performance and their investment’s expected income. Eagle Point Income’s commitment to regular distributions reflects its ongoing strategy to provide value to its stakeholders.

The announcement was made in a Form 8-K filing with the Securities and Exchange Commission on Wednesday, February 12, 2025. The filing provides transparency and ensures that the investing public has access to critical corporate information in a timely manner.

In other recent news, Eagle Point Income Co Inc. has been active in its financial disclosures. The company reported its unaudited year-end net asset value (NAV) and quarterly earnings in a recent filing, estimating its NAV per share to be in the range of $14.94 to $15.04 as of December 31, 2024. Additionally, the net investment income and realized gains or losses for the quarter ending on the same date were reported to be between $0.52 and $0.56 per share of common stock.

In another announcement, Eagle Point Income disclosed its estimated NAV per share for the end of November 2024, which ranged between $15.00 and $15.10. These financial figures offer investors insights into the company’s performance.

During an earnings call, Eagle Point Income reported net investment income and realized gains of $9.9 million, or $0.57 per share, for the third quarter of 2024, marking an improvement from $0.44 per share in the previous quarter. Despite a slight decline in the company’s NAV, management expressed confidence in the resilience of their portfolio and its potential for compelling returns.

These are recent developments and part of the company’s commitment to providing regular updates to its investors. As always, the final audited results will be released at a later date, and these figures are based on management’s unaudited estimates.

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