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

Eagle Point Income Company Inc. (NYSE:EICGet Free Report) announced a dividend on Monday, January 13th,investing.com reports. Investors 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 increased its dividend payment by an average of 28.7% per year over the last three years.

Eagle Point Income Stock Performance

EIC opened at $15.85 on Tuesday. Eagle Point Income has a 1-year low of $14.78 and a 1-year high of $16.75. The company’s fifty day moving average price is $15.75 and its two-hundred day moving average price is $15.79.

Wall Street Analysts Forecast Growth

Separately, B. Riley raised shares of Eagle Point Income to a “strong-buy” rating in a research report on Tuesday, January 7th.

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Eagle Point Income Company Profile

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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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