Eagle Point Income Company Inc. (NYSE:EIC – Get Free Report) announced a monthly dividend on Friday, February 14th,Wall Street Journal reports. Stockholders of record on Tuesday, June 10th will be given a dividend of 0.20 per share on Monday, June 30th. This represents a $2.40 annualized dividend and a dividend yield of 15.14%. The ex-dividend date of this dividend is Tuesday, June 10th.
Eagle Point Income has increased its dividend by an average of 27.2% annually over the last three years.
Eagle Point Income Stock Performance
Shares of NYSE:EIC opened at $15.86 on Friday. The firm has a fifty day moving average price of $15.72 and a 200 day moving average price of $15.76. Eagle Point Income has a fifty-two week low of $14.78 and a fifty-two week high of $16.75.
Analyst Upgrades and Downgrades
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.
Further Reading
- Five stocks we like better than Eagle Point Income
- Dividend Capture Strategy: What You Need to Know
- Forget Tesla: 3 Stocks to Ride the Elon Musk Effect
- Investing in the High PE Growth Stocks
- David Tepper Loads Up on China—These 5 Stocks Stand Out
- What Are the U.K. Market Holidays? How to Invest and Trade
- Datadog Is in the Doghouse, But This Dip Spells Opportunity
Receive News & Ratings for Eagle Point Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Point Income and related companies with MarketBeat.com's FREE daily email newsletter.
