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

Eagle Point Income Company Inc. (NYSE:EIC) declared a dividend on Saturday, January 11th,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 dividend yield of 14.65%. 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 Up 0.7 %

NYSE EIC traded up $0.11 on Friday, reaching $16.38. The stock had a trading volume of 421,631 shares, compared to its average volume of 274,055. The stock has a fifty day moving average price of $15.75 and a two-hundred day moving average price of $15.79. Eagle Point Income has a 12-month low of $14.78 and a 12-month high of $16.75.

Wall Street Analysts Forecast Growth

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

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.