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

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

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

Eagle Point Income Trading Down 3.2 %

EIC stock traded down $0.53 during mid-day trading on Monday, reaching $15.85. 238,850 shares of the stock traded hands, compared to its average volume of 269,021. Eagle Point Income has a one year low of $14.78 and a one year high of $16.75. The business has a 50-day moving average price of $15.75 and a two-hundred day moving average price of $15.79.

Wall Street Analyst Weigh In

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

Eagle Point Income Company Profile

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.