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

Eagle Point Income Company Inc. (NYSE:EIC) announced a monthly dividend on Monday, May 20th, Wall Street Journal reports. Shareholders of record on Tuesday, September 10th will be given a dividend of 0.20 per share on Monday, September 30th. This represents a $2.40 dividend on an annualized basis and a yield of 14.77%. The ex-dividend date of this dividend is Tuesday, September 10th.

Eagle Point Income has raised its dividend 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 Price Performance

NYSE EIC opened at $16.25 on Wednesday. Eagle Point Income has a 52-week low of $13.00 and a 52-week high of $16.75. The business’s 50-day moving average price is $15.96 and its 200 day moving average price is $15.34.

Eagle Point Income (NYSE:EIC) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.54 EPS for the quarter. The business had revenue of $8.52 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.