Eagle Point Income: Dividend Insights
Portfolio Pulse from Benzinga Insights
Eagle Point Income (NYSE:EIC) announced a monthly dividend of 20 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning EIC stock by the end of Tuesday are eligible for the dividend, which will be paid on January 31, 2024. The stock is expected to open 20 cents lower on the ex-dividend date to reflect the payout.
January 05, 2024 | 2:45 pm
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Eagle Point Income (EIC) will pay a monthly dividend of 20 cents per share, with shares expected to trade lower by the dividend amount on the ex-dividend date.
The stock price of EIC is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence and is typically priced in by investors. The importance is significant for dividend investors and those tracking the stock's price movements.
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