Eagle Point Income Company Inc. (EIC) to Issue Monthly Dividend of $0.20 on June 30th

Eagle Point Income Company Inc. (NYSE:EIC) announced a monthly dividend on Thursday, February 13th,Wall Street Journal reports. Investors of record on Tuesday, June 10th will be given a dividend of 0.20 per share on Monday, June 30th. This represents a $2.40 annualized dividend and a dividend yield of 15.09%. The ex-dividend date of this dividend is Tuesday, June 10th.

Eagle Point Income has raised its dividend by an average of 27.2% per year over the last three years.

Eagle Point Income Stock Up 0.3 %

EIC opened at $15.90 on Friday. The stock’s 50 day moving average price is $15.72 and its two-hundred day moving average price is $15.76. Eagle Point Income has a 12-month low of $14.78 and a 12-month high of $16.75.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. B. Riley upgraded Eagle Point Income to a “strong-buy” rating in a research report on Tuesday, January 7th. LADENBURG THALM/SH SH raised Eagle Point Income to a “strong-buy” rating in a research note on Thursday, January 16th.

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.