Eagle Point Income Company Inc. (EIC) to Issue Monthly Dividend of $0.11 on March 31st

Eagle Point Income Company Inc. (NYSE:EIC) announced a monthly dividend on Thursday, November 13th. Shareholders of record on Wednesday, March 11th will be paid a dividend of 0.11 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date of this dividend is Wednesday, March 11th.

Eagle Point Income Stock Performance

Eagle Point Income stock opened at $11.74 on Friday. Eagle Point Income has a 12 month low of $11.68 and a 12 month high of $16.39. The company’s fifty day simple moving average is $12.78 and its 200-day simple moving average is $13.25.

Eagle Point Income (NYSE:EIC) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03.

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.