Eagle Point Income Company Inc. Announces Monthly Dividend of $0.20 (NYSE:EIC)

Eagle Point Income Company Inc. (NYSE:EIC) declared a monthly dividend on Thursday, August 1st, Wall Street Journal reports. Investors of record on Tuesday, November 12th will be given a dividend of 0.20 per share on Friday, November 29th. This represents a $2.40 dividend on an annualized basis and a yield of 15.06%. The ex-dividend date is Tuesday, November 12th.

Eagle Point Income has increased its dividend payment by an average of 26.3% annually over the last three years.

Eagle Point Income Stock Down 0.3 %

Eagle Point Income stock traded down $0.04 on Thursday, reaching $15.94. 162,329 shares of the stock were exchanged, compared to its average volume of 127,842. The firm has a fifty day moving average price of $15.95 and a two-hundred day moving average price of $15.86. Eagle Point Income has a twelve month low of $13.40 and a twelve month high of $16.75.

Eagle Point Income (NYSE:EIC) last issued its quarterly earnings results on Tuesday, May 21st. The company reported $0.56 earnings per share for the quarter. The company had revenue of $9.13 million during the quarter.

About Eagle Point Income

About Eagle Point Income Company is a non-diversified,closed-end management investment company. The Company’s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in junior debt tranches of CLOs. In addition, the Company may invest up to 20% of its total assets (at the time of investment) in CLO equity securities and related securities and instruments.