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

Eagle Point Income Company Inc. (NYSE:EIC) declared a monthly dividend on Friday, November 13th. Investors of record on Thursday, March 11th will be paid a dividend of $0.11 per share on Wednesday, March 31st. This represents a $1.32 dividend on an annualized basis and a yield of 14.3%. The ex-dividend date of this dividend is Thursday, March 11th.

Eagle Point Income Price Performance

Shares of NYSE EIC traded up $0.38 during trading on Friday, hitting $9.26. 238,923 shares of the company were exchanged, compared to its average volume of 143,801. Eagle Point Income has a 1 year low of $8.50 and a 1 year high of $11.89. The firm’s fifty day moving average price is $9.20 and its 200 day moving average price is $9.87.

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