Eagle Point Income Company Inc. Announces Increase In Common Stock Distributions For First Quarter 2024 From $0.18 To $0.20 Per Share
Portfolio Pulse from Benzinga Newsdesk
Eagle Point Income Company Inc. (EIC) has announced an increase in common stock distributions for Q1 2024 from $0.18 to $0.20 per share. This represents an 11% increase from the monthly distributions during Q4 2023. The company also declared distributions on shares of its 5.00% Series A Term Preferred Stock due 2026 and 7.75% Series B Term Preferred Stock due 2028.
November 08, 2023 | 11:00 pm
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Eagle Point Income Company Inc. has increased its common stock distributions for Q1 2024, which may attract more investors and potentially increase the stock price.
The increase in common stock distributions indicates the company's strong financial performance and confidence in its future outlook. This could attract more investors, leading to increased demand for the stock and potentially driving up the stock price in the short term.
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