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

Exchange Income Co. (TSE:EIF) announced a monthly dividend on Wednesday, April 17th, Zacks reports. Shareholders of record on Tuesday, April 30th will be given 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 5.71%. The ex-dividend date of this dividend is Monday, April 29th.

Exchange Income Trading Down 0.1 %

Shares of EIF stock opened at C$46.25 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.87 and a debt-to-equity ratio of 162.10. The firm has a market cap of C$2.18 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 1.42 and a beta of 2.07. The business has a 50-day moving average price of C$48.06 and a two-hundred day moving average price of C$46.29. Exchange Income has a 12-month low of C$42.05 and a 12-month high of C$55.74.

Exchange Income (TSE:EIF) last released its earnings results on Thursday, February 22nd. The company reported C$0.70 earnings per share for the quarter, hitting analysts’ consensus estimates 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. Equities analysts anticipate that Exchange Income will post 3.1697987 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

EIF has been the subject of several analyst reports. Raymond James upped their price target on shares of Exchange Income from C$70.00 to C$73.00 and gave the company a “strong-buy” rating in a research report on Monday, February 26th. ATB Capital raised 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 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 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 company a “buy” rating in a research report on Monday, February 26th. Finally, Scotiabank decreased their price objective on shares of Exchange Income from C$62.00 to C$60.00 and set an “outperform” rating on the stock in a research report on Monday, January 22nd. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Exchange Income currently has a consensus rating of “Buy” and a consensus target price of C$64.15.

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.