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

Eagle Point Income Company Inc. (NYSE:EIC) announced a monthly dividend on Friday, August 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, December 11th will be given a dividend of 0.20 per share on Tuesday, December 31st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 15.39%. The ex-dividend date is Wednesday, December 11th.

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

Eagle Point Income Stock Performance

Eagle Point Income stock opened at $15.59 on Friday. Eagle Point Income has a 12 month low of $13.40 and a 12 month high of $16.75. The business has a 50 day simple moving average of $15.93 and a 200-day simple moving average of $15.86.

Eagle Point Income (NYSE:EIC) last posted its quarterly earnings data on Tuesday, May 21st. The company reported $0.56 EPS for the quarter. The business 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.