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

Eagle Point Income Company Inc. (NYSE:EIC) declared a dividend on Wednesday, February 12th, NASDAQ Dividends reports. Shareholders of record on Thursday, April 10th will be paid a dividend of 0.20 per share on Wednesday, April 30th. The ex-dividend date of this dividend is Thursday, April 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 Down 4.0 %

Shares of NYSE:EIC opened at $13.53 on Tuesday. The business has a fifty day simple moving average of $15.49 and a 200-day simple moving average of $15.72. Eagle Point Income has a 52 week low of $12.73 and a 52 week high of $16.71.

Eagle Point Income (NYSE:EIC) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.08). The business had revenue of $13.67 million during the quarter, compared to the consensus estimate of $13.54 million.

Analyst Upgrades and Downgrades

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

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.