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. Stockholders of record on Monday, January 11th will be paid 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 Stock Performance

Shares of EIC stock traded up $0.38 during midday trading on Friday, hitting $9.26. 238,923 shares of the company were exchanged, compared to its average volume of 143,801. The firm’s 50 day moving average price is $9.20 and its two-hundred day moving average price 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 released its 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.

About Eagle Point Income

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.