Eagle Point Income Company Inc. (NYSE:EIC) to Issue $0.20 Dividend

Eagle Point Income Company Inc. (NYSE:EICGet Free Report) announced a dividend on Monday, January 13th,investing.com reports. Shareholders of record on Tuesday, January 14th will be given a dividend of 0.20 per share on Friday, January 31st. This represents a yield of 15.17%. The ex-dividend date is Monday, January 13th.

Eagle Point Income has raised its dividend by an average of 28.7% per year over the last three years.

Eagle Point Income Stock Down 3.2 %

EIC stock opened at $15.85 on Tuesday. The business has a 50 day moving average of $15.75 and a 200-day moving average of $15.79. Eagle Point Income has a 12-month low of $14.78 and a 12-month high of $16.75.

Wall Street Analysts Forecast Growth

Separately, B. Riley upgraded Eagle Point Income to a “strong-buy” rating in a research note on Tuesday, January 7th.

Read Our Latest Analysis on Eagle Point Income

Eagle Point Income Company Profile

(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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