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

Eagle Point Income Company Inc. (NYSE:EIC) announced a monthly dividend on Thursday, February 15th, Wall Street Journal reports. Shareholders of record on Monday, May 13th will be given a dividend of 0.20 per share on Friday, May 31st. This represents a $2.40 annualized dividend and a yield of 15.15%. The ex-dividend date of this dividend is Friday, May 10th.

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

Eagle Point Income Stock Up 1.0 %

NYSE:EIC opened at $15.84 on Wednesday. Eagle Point Income has a twelve month low of $13.00 and a twelve month high of $16.75. The stock’s 50-day simple moving average is $15.88 and its 200 day simple moving average is $15.19.

Eagle Point Income (NYSE:EIC) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.54 earnings per share for the quarter. The firm 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.