Eagle Point Income Company Inc. (EIC) To Go Ex-Dividend on September 10th

Eagle Point Income Company Inc. (NYSE:EIC) declared a monthly dividend on Monday, May 20th, Wall Street Journal reports. Stockholders of record on Tuesday, September 10th will be given a dividend of 0.20 per share on Monday, September 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 14.77%. The ex-dividend date of this dividend is Tuesday, September 10th.

Eagle Point Income has increased its dividend by an average of 26.3% annually over the last three years and has increased its dividend every year for the last 3 years.

Eagle Point Income Stock Up 0.3 %

EIC stock opened at $16.25 on Wednesday. Eagle Point Income has a fifty-two week low of $13.00 and a fifty-two week high of $16.75. The business has a fifty day moving average price of $15.96 and a 200 day moving average price of $15.34.

Eagle Point Income (NYSE:EIC) last posted its earnings results on Thursday, February 22nd. The company reported $0.54 earnings per share for the quarter. The business had revenue of $8.52 million for the quarter.

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.