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

Eagle Point Income Company Inc. (NYSE:EIC) declared a monthly dividend on Thursday, February 13th, Wall Street Journal reports. Stockholders of record on Tuesday, June 10th will be paid a dividend of 0.20 per share on Monday, June 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 18.58%. The ex-dividend date of this dividend is Tuesday, June 10th.

Eagle Point Income has increased its dividend payment by an average of 27.2% annually over the last three years.

Eagle Point Income Price Performance

Shares of EIC stock opened at $12.92 on Friday. The company’s fifty day simple moving average is $14.00 and its 200-day simple moving average is $15.06. Eagle Point Income has a 52 week low of $12.63 and a 52 week high of $16.71.

Eagle Point Income (NYSE:EIC) last issued its earnings results on Wednesday, May 28th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.20). The firm had revenue of $14.13 million for the quarter, compared to analyst estimates of $13.58 million.

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.