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

Exchange Income Co. (TSE:EIF) announced a monthly dividend on Wednesday, April 17th, Zacks reports. Stockholders 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 dividend yield of 5.63%. The ex-dividend date is Monday, April 29th.

Exchange Income Stock Performance

Shares of EIF opened at C$46.92 on Friday. Exchange Income has a 1 year low of C$42.05 and a 1 year high of C$55.41. The company’s 50 day simple moving average is C$48.10 and its 200 day simple moving average is C$46.39. The company has a market capitalization of C$2.22 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.42 and a beta of 2.07. The company has a debt-to-equity ratio of 162.10, a quick ratio of 1.13 and a current ratio of 1.87.

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

Analyst Upgrades and Downgrades

EIF has been the topic of several recent analyst reports. Raymond James increased their target price 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. TD Securities raised their target price on shares of Exchange Income from C$63.00 to C$65.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. ATB Capital upped their price target on shares of 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. Canaccord Genuity Group increased their price target on shares of 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. Finally, Scotiabank lowered their price objective on shares of Exchange Income from C$62.00 to C$60.00 and set an “outperform” rating for the company in a research note on Monday, January 22nd. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$63.94.

About Exchange Income

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.