Eagle Point Income Company Inc. (NYSE:EIC – Get Free Report) declared a dividend on Tuesday, July 30th, NASDAQ reports. Investors 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 payment by an average of 26.3% annually over the last three years.
Eagle Point Income Trading Down 0.1 %
Shares of NYSE EIC opened at $16.44 on Thursday. The firm’s 50-day moving average price is $15.66 and its 200-day moving average price is $15.86. Eagle Point Income has a 1-year low of $13.55 and a 1-year high of $16.75.
Analysts Set New Price Targets
Separately, B. Riley assumed coverage on Eagle Point Income in a research note on Tuesday, September 3rd. They issued a “buy” rating and a $17.50 target price on the stock.
Get Our Latest Stock 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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