Eagle Point Income Company Inc. (NYSE:EIC) to Issue $0.20 Monthly Dividend

Eagle Point Income Company Inc. (NYSE:EIC) announced a monthly dividend on Friday, May 17th, Wall Street Journal reports. Stockholders of record on Monday, August 12th will be given a dividend of 0.20 per share on Friday, August 30th. This represents a $2.40 annualized dividend and a dividend yield of 15.29%. The ex-dividend date of this dividend is Monday, August 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 Performance

EIC stock opened at $15.70 on Friday. The business has a fifty day moving average of $15.87 and a 200-day moving average of $15.88. Eagle Point Income has a twelve month low of $13.54 and a twelve month high of $16.75.

Eagle Point Income (NYSE:EIC) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.44 earnings per share for the quarter. The firm had revenue of $10.92 million for 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.