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

Eagle Point Income Company Inc. (NYSE:EIC) announced a dividend on Tuesday, July 30th, NASDAQ reports. Shareholders of record on Friday, October 11th will be paid a dividend of 0.20 per share on Thursday, October 31st. The ex-dividend date of this dividend is Friday, October 11th.

Eagle Point Income has raised its dividend by an average of 26.3% per year over the last three years.

Eagle Point Income Trading Down 0.2 %

EIC opened at $16.47 on Wednesday. The business’s 50-day simple moving average is $15.65 and its 200 day simple moving average is $15.86. Eagle Point Income has a 52-week low of $13.55 and a 52-week high of $16.75.

Eagle Point Income (NYSE:EIC) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.44 EPS for the quarter. The company had revenue of $10.92 million during the quarter.

Analyst Ratings Changes

Separately, B. Riley began coverage on shares of Eagle Point Income in a research report on Tuesday, September 3rd. They issued a “buy” rating and a $17.50 price objective for the company.

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.