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

Eagle Point Income Company Inc. (NYSE:EIC) 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.

Eagle Point Income (NYSE:EIC) last posted its earnings results on Tuesday, August 6th. The company reported $0.44 earnings per share for the quarter. The business had revenue of $10.92 million during the quarter.

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.

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.