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

Eagle Point Income Company Inc. (NYSE:EIC) declared a monthly dividend on Friday, May 17th, Wall Street Journal reports. Investors of record on Monday, August 12th will be paid a dividend of 0.20 per share on Friday, August 30th. This represents a $2.40 dividend on an annualized basis and a 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 Down 1.7 %

EIC stock opened at $15.70 on Friday. Eagle Point Income has a one year low of $13.54 and a one year high of $16.75. The firm has a 50-day moving average of $15.87 and a two-hundred day moving average of $15.88.

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

Eagle Point Income Company Profile

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.