Eagle Point Income Company Inc. (EIC) to Issue Dividend of $0.20 on January 31st

Eagle Point Income Company Inc. (NYSE:EIC) announced a dividend on Wednesday, November 6th,NASDAQ Dividends reports. Investors of record on Monday, January 13th will be given a dividend of 0.20 per share on Friday, January 31st. The ex-dividend date is Monday, January 13th.

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

Eagle Point Income Price Performance

Shares of EIC opened at $16.38 on Friday. Eagle Point Income has a 52 week low of $14.78 and a 52 week high of $16.75. The stock has a 50 day moving average price of $15.74 and a two-hundred day moving average price of $15.78.

Wall Street Analyst Weigh In

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