Exchange Income Co. (EIF) to Issue Monthly Dividend of $0.22 on June 14th

Exchange Income Co. (TSE:EIFGet Free Report) announced a monthly dividend on Friday, May 17th, Zacks reports. Shareholders 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 annualized dividend and a yield of 5.45%. The ex-dividend date is Friday, May 31st.

Exchange Income Stock Performance

Shares of TSE:EIF opened at C$48.41 on Friday. The business’s 50 day moving average price is C$47.74 and its 200-day moving average price is C$46.73. Exchange Income has a 1 year low of C$42.05 and a 1 year high of C$55.18. 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 PE ratio of 18.76, a P/E/G ratio of 1.42 and a beta of 2.06.

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

Wall Street Analysts Forecast Growth

EIF has been the subject of several analyst reports. Scotiabank dropped their price target 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. TD Securities raised their target price 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. Raymond James upped their price target on Exchange Income from C$70.00 to C$73.00 and gave the company a “strong-buy” rating in a research note on Monday, February 26th. Canaccord Genuity Group raised their price objective on 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. Finally, 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 report on Monday, February 26th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Exchange Income has an average rating of “Buy” and a consensus price target of C$63.94.

Read Our Latest Stock Report on Exchange Income

Exchange Income Company Profile

(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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