Exchange Income Co. (EIF) To Go Ex-Dividend on November 29th

Exchange Income Co. (TSE:EIF) declared a monthly dividend on Friday, November 17th, Zacks reports. Shareholders of record on Thursday, November 30th will be paid a dividend of 0.22 per share on Friday, December 15th. This represents a $2.64 annualized dividend and a yield of 5.77%. The ex-dividend date of this dividend is Wednesday, November 29th. This is a positive change from Exchange Income’s previous monthly dividend of $0.21.

Exchange Income Trading Down 0.2 %

Shares of EIF opened at C$45.76 on Friday. The stock has a fifty day moving average of C$44.88 and a two-hundred day moving average of C$49.16. The company has a debt-to-equity ratio of 153.68, a quick ratio of 1.13 and a current ratio of 1.93. The company has a market capitalization of C$2.14 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 1.42 and a beta of 2.06. Exchange Income has a fifty-two week low of C$42.05 and a fifty-two week high of C$55.74.

Insider Buying and Selling

In other Exchange Income news, Director Edward Warkentin purchased 1,115 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was purchased at an average cost of C$44.84 per share, with a total value of C$49,995.04. 6.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on EIF shares. Scotiabank lowered their price objective on shares of Exchange Income from C$66.00 to C$62.00 and set an “outperform” rating for the company in a research note on Monday, November 13th. CIBC lowered their price objective on shares of Exchange Income from C$64.50 to C$58.00 in a research note on Tuesday, November 14th. Cormark lowered their price objective on shares of Exchange Income from C$66.00 to C$61.00 in a research note on Friday, November 10th. National Bankshares lowered their price objective on shares of Exchange Income from C$65.00 to C$62.00 and set an “outperform” rating for the company in a research note on Monday, November 13th. Finally, Royal Bank of Canada lowered their price objective on shares of Exchange Income from C$70.00 to C$65.00 and set an “outperform” rating for the company in a research note on Thursday. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Exchange Income presently has an average rating of “Buy” and an average target price of C$63.00.

Exchange Income Company Profile

Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates in two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment offers scheduled airline, cargo, charter, and emergency medical services to communities located in Manitoba, Ontario, Nunavut, British Columbia, and Alberta, as well as Newfoundland and Labrador, Québec, New Brunswick, and Nova Scotia.