Exchange Income Co. (TSE:EIF) announced a monthly dividend on Monday, July 17th, Zacks reports. Shareholders of record on Monday, July 31st will be paid a dividend of 0.175 per share on Tuesday, August 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 6.92%. The ex-dividend date is Thursday, July 27th. This is an increase from Exchange Income’s previous monthly dividend of $0.16.

Shares of Exchange Income (TSE:EIF) opened at 30.36 on Wednesday. Exchange Income has a 12-month low of $25.80 and a 12-month high of $45.28. The company’s 50 day moving average price is $30.41 and its 200 day moving average price is $35.66. The firm has a market cap of $938.46 million and a P/E ratio of 14.15.

In other Exchange Income news, insider Tamara Schock purchased 2,690 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was acquired at an average cost of C$27.80 per share, for a total transaction of C$74,782.00. Also, Director Edward Warkentin purchased 1,375 shares of the business’s stock in a transaction on Thursday, May 11th. The shares were acquired at an average price of C$35.45 per share, with a total value of C$48,743.75. Over the last 90 days, insiders have acquired 62,703 shares of company stock valued at $1,855,184.

Several research analysts recently issued reports on EIF shares. Royal Bank Of Canada cut their target price on shares of Exchange Income from C$42.00 to C$38.00 and set a “sector perform” rating for the company in a research report on Thursday, May 11th. Scotiabank cut their target price on shares of Exchange Income from C$44.00 to C$43.00 and set an “outperform” rating for the company in a research report on Thursday, May 11th. TD Securities upgraded shares of Exchange Income from a “hold” rating to a “buy” rating and upped their target price for the stock from C$44.00 to C$45.00 in a research report on Thursday, May 11th. CIBC cut their target price on shares of Exchange Income from C$39.00 to C$35.00 and set a “neutral” rating for the company in a research report on Friday, July 21st. Finally, Canaccord Genuity cut their target price on shares of Exchange Income from C$49.00 to C$44.00 and set a “buy” rating for the company in a research report on Thursday, May 11th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Exchange Income currently has an average rating of “Buy” and a consensus price target of C$43.56.

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About Exchange Income

Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates through two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment scheduled airline and charter services, and emergency medical services to communities located in Manitoba, Ontario, and Nunavut; and scheduled airline and charter service in Newfoundland and Labrador, Quebec, New Brunswick, and Nova Scotia.

Dividend History for Exchange Income (TSE:EIF)

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