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

Eagle Point Income Company Inc. (NYSE:EIC) announced 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 is Monday, January 13th.

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

Eagle Point Income Stock Up 0.7 %

Eagle Point Income stock traded up $0.11 during mid-day trading on Friday, hitting $16.38. 421,631 shares of the company’s stock traded hands, compared to its average volume of 274,055. Eagle Point Income has a one year low of $14.78 and a one year high of $16.75. The firm has a 50 day moving average price of $15.74 and a 200 day moving average price of $15.78.

Wall Street Analyst Weigh In

Separately, B. Riley raised shares of Eagle Point Income to a “strong-buy” rating in a report 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.