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

Eagle Point Income Company Inc. (NYSE:EIC) announced a monthly dividend on Thursday, November 13th. Stockholders of record on Monday, February 9th will be paid a dividend of 0.11 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date is Monday, February 9th.

Eagle Point Income Stock Down 1.4%

Shares of NYSE:EIC traded down $0.17 during midday trading on Friday, reaching $11.81. The company’s stock had a trading volume of 74,089 shares, compared to its average volume of 251,901. Eagle Point Income has a 12-month low of $11.68 and a 12-month high of $16.39. The firm has a 50 day moving average of $12.82 and a 200-day moving average of $13.27.

Eagle Point Income (NYSE:EIC) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Zacks Research raised Eagle Point Income from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. LADENBURG THALM/SH SH upgraded Eagle Point Income to a “strong-buy” rating in a research note on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Eagle Point Income currently has an average rating of “Buy”.

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.