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

Eagle Point Income Company Inc. (NYSE:EIC) announced a monthly dividend on Friday, November 13th. Stockholders of record on Monday, January 11th will be given a dividend of $0.11 per share on Friday, January 29th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 14.3%. The ex-dividend date of this dividend is Monday, January 11th.

Eagle Point Income Trading Up 4.3%

EIC stock traded up $0.38 during midday trading on Friday, reaching $9.26. The stock had a trading volume of 238,923 shares, compared to its average volume of 143,801. The company’s fifty day simple moving average is $9.20 and its 200 day simple moving average is $9.87. Eagle Point Income has a 52-week low of $8.50 and a 52-week high of $11.89.

Eagle Point Income (NYSE:EIC) last announced its quarterly earnings results on Friday, November 13th. The company reported $0.73 EPS for the quarter, beating the consensus estimate 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.