Exchange Income Co. Announces Monthly Dividend of $0.22 (TSE:EIF)

Exchange Income Co. (TSE:EIF) announced a monthly dividend on Thursday, October 17th, Zacks reports. Investors of record on Thursday, October 31st will be paid a dividend of 0.22 per share on Friday, November 15th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date is Thursday, October 31st.

Exchange Income Stock Up 0.3 %

EIF stock opened at C$56.18 on Friday. The company has a debt-to-equity ratio of 171.03, a current ratio of 1.77 and a quick ratio of 1.13. Exchange Income has a 1-year low of C$42.05 and a 1-year high of C$56.53. The firm has a fifty day moving average price of C$50.27 and a two-hundred day moving average price of C$47.80. The firm has a market cap of C$2.67 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 1.42 and a beta of 2.04.

Exchange Income (TSE:EIF) last released its earnings results on Thursday, August 8th. The company reported C$0.80 earnings per share for the quarter, beating the consensus estimate of C$0.78 by C$0.02. Exchange Income had a net margin of 4.44% and a return on equity of 9.38%. The firm had revenue of C$660.58 million during the quarter, compared to analyst estimates of C$677.10 million. Research analysts predict that Exchange Income will post 3.9962963 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on EIF shares. TD Securities upped their price target on shares of Exchange Income from C$65.00 to C$69.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. ATB Capital upped their price target on shares of Exchange Income from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Canaccord Genuity Group upped their price target on shares of Exchange Income from C$66.00 to C$68.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, CIBC upped their price objective on shares of Exchange Income from C$61.50 to C$62.50 and gave the stock an “outperform” rating in a report on Monday, August 12th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$65.28.

Exchange Income Company Profile

Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. The company Aerospace & Aviation, and Manufacturing segments. The Aerospace & Aviation segment offers fixed wing and rotary wing, medevac, passenger, charter, freight, and auxiliary services; and operates two flight schools and trains pilots.