Eagle Point Income Company Inc. (NYSE:EIC – Get Free Report) announced a monthly dividend on Thursday, August 1st,Wall Street Journal reports. Investors of record on Tuesday, November 12th will be paid a dividend of 0.20 per share on Friday, November 29th. This represents a $2.40 annualized dividend and a yield of 14.55%. The ex-dividend date is Tuesday, November 12th.
Eagle Point Income has increased its dividend payment by an average of 26.3% annually over the last three years.
Eagle Point Income Stock Performance
Shares of Eagle Point Income stock opened at $16.49 on Friday. Eagle Point Income has a 1 year low of $14.15 and a 1 year high of $16.75. The company’s fifty day simple moving average is $15.93 and its 200-day simple moving average is $15.85.
Analysts Set New Price Targets
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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.
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