Eagle Point Income Company Inc. (NYSE:EIC) Declares Monthly Dividend of $0.13

Eagle Point Income Company Inc. (NYSE:EIC) declared a monthly dividend on Tuesday, August 12th. Investors of record on Monday, November 10th will be given a dividend of 0.13 per share on Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 12.7%. The ex-dividend date is Monday, November 10th.

Eagle Point Income Price Performance

NYSE:EIC traded down $0.06 during mid-day trading on Friday, hitting $12.26. 85,795 shares of the company’s stock traded hands, compared to its average volume of 253,614. The firm has a 50 day moving average of $12.96 and a two-hundred day moving average of $13.32. Eagle Point Income has a 12 month low of $12.10 and a 12 month high of $16.71.

Eagle Point Income (NYSE:EIC) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $15.27 million during the quarter, compared to the consensus estimate of $14.40 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.