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

Eagle Point Income Company Inc. (NYSE:EIC) declared 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 of this dividend is Monday, January 13th.

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

Eagle Point Income Stock Up 0.7 %

NYSE: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 firm’s 50-day simple moving average is $15.74 and its 200 day simple moving average is $15.78.

Analyst Upgrades and Downgrades

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