Eagle Point Income Company Inc. (NYSE:EIC – Get Free Report) declared a monthly dividend on Friday, February 14th,Wall Street Journal reports. Shareholders of record on Tuesday, June 10th will be paid a dividend of 0.20 per share on Monday, June 30th. This represents a $2.40 annualized dividend and a yield of 15.09%. The ex-dividend date is Tuesday, June 10th.
Eagle Point Income has increased its dividend payment by an average of 27.2% annually over the last three years.
Eagle Point Income Stock Performance
Shares of NYSE EIC opened at $15.90 on Friday. Eagle Point Income has a 12 month low of $14.78 and a 12 month high of $16.75. The firm has a fifty day simple moving average of $15.72 and a two-hundred day simple moving average of $15.76.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Report on EIC
About Eagle Point Income
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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