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 Thursday, February 15th, Wall Street Journal reports. Stockholders of record on Monday, May 13th will be given a dividend of 0.20 per share on Friday, May 31st. This represents a $2.40 annualized dividend and a dividend yield of 15.14%. The ex-dividend date is Friday, May 10th.

Eagle Point Income has increased its dividend by an average of 26.3% per year over the last three years and has raised its dividend every year for the last 3 years.

Eagle Point Income Trading Up 0.1 %

Shares of EIC stock opened at $15.85 on Thursday. The firm’s 50-day simple moving average is $15.88 and its 200-day simple moving average is $15.19. Eagle Point Income has a 1-year low of $13.00 and a 1-year high of $16.75.

Eagle Point Income (NYSE:EIC) last issued its earnings results on Thursday, February 22nd. The company reported $0.54 EPS for the quarter. The business had revenue of $8.52 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.