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

Exchange Income Co. (TSE:EIFGet Free Report) announced a monthly dividend on Friday, May 17th, Zacks reports. Investors of record on Friday, May 31st will be given a dividend of 0.22 per share on Friday, June 14th. This represents a $2.64 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date is Friday, May 31st.

Exchange Income Stock Performance

Shares of EIF stock opened at C$48.41 on Friday. The company’s fifty day moving average price is C$47.74 and its two-hundred day moving average price is C$46.73. The company has a debt-to-equity ratio of 164.53, a current ratio of 1.91 and a quick ratio of 1.13. The firm has a market capitalization of C$2.29 billion, a P/E ratio of 18.76, a P/E/G ratio of 1.42 and a beta of 2.06. Exchange Income has a 12 month low of C$42.05 and a 12 month high of C$55.18.

Exchange Income (TSE:EIFGet Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.70 EPS for the quarter, hitting the consensus estimate of C$0.70. Exchange Income had a return on equity of 10.68% and a net margin of 4.66%. The business had revenue of C$656.68 million for the quarter, compared to analysts’ expectations of C$644.49 million. On average, research analysts anticipate that Exchange Income will post 3.2174488 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. TD Securities increased their target price on 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. Scotiabank cut their price target on shares of 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. Raymond James raised their price objective on shares of Exchange Income from C$70.00 to C$73.00 and gave the stock a “strong-buy” rating in a report on Monday, February 26th. ATB Capital upped their target price on shares of Exchange Income from C$60.00 to C$63.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. Finally, Canaccord Genuity Group lifted their price target on Exchange Income from C$63.00 to C$65.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Seven research 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, the company presently has an average rating of “Buy” and an average price target of C$63.94.

Get Our Latest Research Report on EIF

About Exchange Income

(Get Free Report)

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.

Further Reading

Dividend History for Exchange Income (TSE:EIF)

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