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

Eagle Point Income Company Inc. (NYSE:EIC) declared a dividend on Saturday, January 11th,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 14.65%. The ex-dividend date of this dividend is Monday, January 13th.

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

Eagle Point Income Trading Up 0.7 %

Shares of NYSE EIC traded up $0.11 during midday trading on Friday, reaching $16.38. 421,631 shares of the stock were exchanged, compared to its average volume of 274,055. Eagle Point Income has a 12 month low of $14.78 and a 12 month high of $16.75. The business has a 50-day simple moving average of $15.75 and a two-hundred day simple moving average of $15.79.

Analyst Ratings Changes

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

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.