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

Eagle Point Income Company Inc. (NYSE:EICGet Free Report) declared a monthly dividend on Friday, May 17th, Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 14.81%. 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% per year over the last three years and has increased its dividend annually for the last 3 consecutive years.

Eagle Point Income Stock Down 0.3 %

Shares of NYSE:EIC opened at $16.21 on Friday. Eagle Point Income has a one year low of $13.00 and a one year high of $16.75. The company has a 50-day simple moving average of $15.95 and a 200-day simple moving average of $15.31.

Eagle Point Income (NYSE:EICGet Free Report) last released 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.

Eagle Point Income Company Profile

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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.

See Also

Dividend History for Eagle Point Income (NYSE:EIC)

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