Exchange Income Co. (EIF) to Issue Monthly Dividend of $0.22 on October 15th

Exchange Income Co. (TSE:EIF) declared a monthly dividend on Tuesday, September 17th, Zacks reports. Shareholders of record on Friday, September 27th will be paid a dividend of 0.22 per share on Tuesday, October 15th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date is Friday, September 27th.

Exchange Income Trading Down 1.0 %

EIF opened at C$50.18 on Thursday. The firm has a market cap of C$2.38 billion, a P/E ratio of 20.74, a P/E/G ratio of 1.42 and a beta of 2.04. The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 171.03. The stock has a 50-day moving average of C$48.34 and a 200 day moving average of C$47.27. Exchange Income has a 12 month low of C$42.05 and a 12 month high of C$51.16.

Exchange Income (TSE:EIF) last announced its earnings results on Thursday, August 8th. The company reported C$0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.78 by C$0.02. Exchange Income had a return on equity of 9.38% and a net margin of 4.44%. The business had revenue of C$660.58 million during the quarter, compared to analyst estimates of C$677.10 million.

Analyst Upgrades and Downgrades

Several brokerages have commented on EIF. ATB Capital upped their price objective on Exchange Income from C$66.00 to C$67.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. TD Securities upped their price target on shares of Exchange Income from C$65.00 to C$69.00 and gave the stock a “buy” rating in a report on Monday, August 12th. CIBC lifted their price objective on shares of Exchange Income from C$61.50 to C$62.50 and gave the company an “outperform” rating in a report on Monday, August 12th. Finally, Canaccord Genuity Group upped their target price on shares of Exchange Income from C$66.00 to C$68.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$65.28.

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.