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EIC beat earnings estimates, and all three Eagle Point firms announced dividends with yields up to 28.8%.
Eagle Point Credit (ECC), Eagle Point Income (EIC), and Eagle Point Credit (ECCC) announced dividend payments for March 31, with EIC reporting stronger-than-expected earnings.
EIC earned $0.39 per share, beating estimates, while ECC and ECCC declared monthly dividends with yields ranging from 6.9% to 28.8%.
EIC's stock closed at $11.79, down $0.19, with a "Buy" rating.
The companies focus on below-investment-grade CLOs, with EIC's dividend yield at 11.2%.
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EIC superó las estimaciones de ganancias, y las tres firmas de Eagle Point anunciaron dividendos con rendimientos de hasta el 28.8%.