Eagle Point Income Company Inc. (NYSE:EIC) to Issue Monthly Dividend of $0.11

Eagle Point Income Company Inc. (NYSE:EIC) announced a monthly dividend on Friday, November 13th. Investors of record on Thursday, March 11th will be given a dividend of $0.11 per share on Wednesday, March 31st. This represents a $1.32 dividend on an annualized basis and a yield of 14.3%. The ex-dividend date is Thursday, March 11th.

Eagle Point Income Stock Up 4.3%

Shares of NYSE:EIC traded up $0.38 during midday trading on Friday, reaching $9.26. 238,923 shares of the company’s stock were exchanged, compared to its average volume of 143,801. The firm’s 50 day simple moving average is $9.20 and its two-hundred day simple moving average is $9.87. Eagle Point Income has a fifty-two week low of $8.50 and a fifty-two week high of $11.89.

Eagle Point Income (NYSE:EIC) last announced its quarterly earnings data on Friday, November 13th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.42.

Eagle Point Income Company Profile

Eagle Point Income Company, Inc. (NYSE: EIC) is a closed-end management investment company focused primarily on generating current income and, to a lesser extent, capital appreciation. The company invests mainly in collateralized loan obligations (CLOs), which are securities backed by portfolios of senior secured loans made to corporate borrowers. EIC typically invests across different levels of the CLO capital structure, including debt tranches and equity interests. Its portfolio may also include other investments related to corporate credit and structured finance.