Eagle Point Income Company Inc. (EIC) to Issue Monthly Dividend of $0.13 on November 28th

Eagle Point Income Company Inc. (NYSE:EICGet Free Report) declared a monthly dividend on Tuesday, August 12th. Investors of record on Monday, November 10th will be given a dividend of 0.13 per share on Friday, November 28th. This represents a c) annualized dividend and a yield of 12.7%. The ex-dividend date is Monday, November 10th.

Eagle Point Income Trading Down 0.5%

Shares of EIC traded down $0.06 during mid-day trading on Friday, reaching $12.26. The company’s stock had a trading volume of 85,795 shares, compared to its average volume of 253,614. Eagle Point Income has a 12-month low of $12.10 and a 12-month high of $16.71. The company’s 50 day moving average is $12.96 and its 200 day moving average is $13.32.

Eagle Point Income (NYSE:EICGet Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The company had revenue of $15.27 million during the quarter, compared to analysts’ expectations of $14.40 million.

Wall Street Analysts Forecast Growth

Several research firms have commented on EIC. LADENBURG THALM/SH SH raised Eagle Point Income to a “strong-buy” rating in a research report on Wednesday, August 13th. Zacks Research raised Eagle Point Income from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Eagle Point Income currently has a consensus rating of “Buy”.

Read Our Latest Stock Report on Eagle Point Income

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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