Eagle Point Income Company Inc. (NYSE:EIC – Get Free Report) declared a monthly dividend on Friday, February 14th,Wall Street Journal reports. Investors 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 yield of 15.14%. The ex-dividend date is Tuesday, June 10th.
Eagle Point Income has increased its dividend payment by an average of 27.2% per year over the last three years.
Eagle Point Income Stock Performance
Shares of EIC stock opened at $15.86 on Friday. Eagle Point Income has a 1 year low of $14.78 and a 1 year high of $16.75. The stock’s 50 day simple moving average is $15.72 and its two-hundred day simple moving average is $15.76.
Analyst Ratings Changes
Read Our Latest Research Report on Eagle Point Income
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.
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