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

Exchange Income Co. (TSE:EIF) announced a monthly dividend on Wednesday, April 17th, Zacks reports. Shareholders of record on Tuesday, April 30th will be paid a dividend of 0.22 per share on Wednesday, May 15th. This represents a $2.64 dividend on an annualized basis and a yield of 5.70%. The ex-dividend date of this dividend is Monday, April 29th.

Exchange Income Price Performance

Shares of EIF opened at C$46.30 on Thursday. The company has a debt-to-equity ratio of 162.10, a quick ratio of 1.13 and a current ratio of 1.87. The stock has a market capitalization of C$2.19 billion, a PE ratio of 17.47, a PEG ratio of 1.42 and a beta of 2.07. The company has a 50 day moving average price of C$48.07 and a 200-day moving average price of C$46.29. Exchange Income has a fifty-two week low of C$42.05 and a fifty-two week high of C$55.74.

Exchange Income (TSE:EIF) last issued its quarterly earnings results on Thursday, February 22nd. The company reported C$0.70 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.70. The business had revenue of C$656.68 million for the quarter, compared to the consensus estimate of C$644.49 million. Exchange Income had a return on equity of 10.80% and a net margin of 4.90%. Equities analysts predict that Exchange Income will post 3.1697987 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Canaccord Genuity Group upped their price target on shares of Exchange Income from C$63.00 to C$65.00 and gave the company a “buy” rating in a research note on Monday, February 26th. ATB Capital increased their price target on Exchange Income from C$60.00 to C$63.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. TD Securities lifted their price target on Exchange Income from C$63.00 to C$65.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Raymond James upped their price objective on Exchange Income from C$70.00 to C$73.00 and gave the stock a “strong-buy” rating in a research report on Monday, February 26th. Finally, Scotiabank lowered their price objective on Exchange Income from C$62.00 to C$60.00 and set an “outperform” rating on the stock in a report on Monday, January 22nd. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exchange Income presently has an average rating of “Buy” and an average price target of C$64.15.

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.