In October 2021, Eagle’s Board of Directors instituted a dividend policy which targets the payment of quarterly cash dividends equal to a minimum of 30% of reported net income, but not less than $0.10 per share. 

We believe our dividend policy is:

• Meaningful in terms of minimum payout
• Simple to calculate
• Sustainable throughout the cycle
• Appropriate, allowing for sufficient earnings/capital retention in order to de-lever, fund future growth, and execute on opportunistic share/debt buybacks