Eagle Point Income Company Inc. Announces Monthly Dividend of $0.20 (NYSE:EIC)

Eagle Point Income Company Inc. (NYSE:EICGet Free Report) announced a monthly dividend on Monday, November 13th, Wall Street Journal reports. Investors of record on Friday, March 8th will be given a dividend of 0.20 per share on Thursday, March 28th. This represents a $2.40 dividend on an annualized basis and a yield of 15.19%. The ex-dividend date is Thursday, March 7th.

Eagle Point Income has increased its dividend by an average of 21.0% annually over the last three years and has raised its dividend annually for the last 3 consecutive years.

Eagle Point Income Stock Performance

EIC opened at $15.80 on Wednesday. Eagle Point Income has a 52-week low of $13.00 and a 52-week high of $16.18. The firm’s 50-day moving average price is $15.39 and its 200-day moving average price is $14.64.

Eagle Point Income (NYSE:EICGet Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.54 earnings per share (EPS) for the quarter. The company had revenue of $8.52 million for the quarter.

Institutional Investors Weigh In On Eagle Point Income

A number of institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its stake in Eagle Point Income by 12.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 30,356 shares of the company’s stock valued at $442,000 after acquiring an additional 3,369 shares during the period. LPL Financial LLC grew its stake in Eagle Point Income by 14.4% in the 3rd quarter. LPL Financial LLC now owns 16,848 shares of the company’s stock valued at $240,000 after acquiring an additional 2,124 shares during the period. UBS Group AG grew its stake in Eagle Point Income by 40.7% in the 3rd quarter. UBS Group AG now owns 14,264 shares of the company’s stock valued at $203,000 after acquiring an additional 4,123 shares during the period. Susquehanna International Group LLP acquired a new stake in Eagle Point Income in the 4th quarter valued at $158,000. Finally, PNC Financial Services Group Inc. acquired a new stake in Eagle Point Income during the 1st quarter worth $106,000.

About Eagle Point Income

(Get Free Report)

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.

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Dividend History for Eagle Point Income (NYSE:EIC)

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