Exchange Income Co. (TSE:EIF) declared a monthly dividend on Tuesday, April 17th, Zacks reports. Shareholders of record on Monday, April 30th will be paid a dividend of 0.183 per share on Tuesday, May 15th. This represents a $2.20 annualized dividend and a yield of 6.91%. The ex-dividend date of this dividend is Friday, April 27th. This is an increase from Exchange Income’s previous monthly dividend of $0.18.

Shares of Exchange Income stock opened at C$31.76 on Friday. Exchange Income has a 52 week low of C$25.80 and a 52 week high of C$38.75.

Exchange Income (TSE:EIF) last announced its quarterly earnings data on Wednesday, February 21st. The company reported C$0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.55 by C$0.17. The company had revenue of C$263.91 million for the quarter, compared to the consensus estimate of C$254.90 million. Exchange Income had a return on equity of 12.03% and a net margin of 6.41%.

In other news, Director Edward Warkentin bought 2,000 shares of the stock in a transaction on Monday, February 26th. The stock was acquired at an average cost of C$35.36 per share, for a total transaction of C$70,720.00. Also, Director Michael Pyle bought 1,000 shares of the stock in a transaction on Monday, March 26th. The stock was purchased at an average price of C$30.09 per share, with a total value of C$30,090.00. Insiders acquired a total of 4,900 shares of company stock valued at $159,311 over the last quarter.

Several equities analysts have commented on the company. National Bank Financial reaffirmed an “outperform market weight” rating on shares of Exchange Income in a research report on Thursday, February 22nd. Scotiabank upped their price objective on Exchange Income from C$43.00 to C$45.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. CIBC upped their price objective on Exchange Income from C$35.00 to C$37.50 and gave the company a “neutral” rating in a research report on Friday, January 19th. Finally, TD Securities upped their price objective on Exchange Income from C$45.00 to C$46.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Exchange Income has an average rating of “Buy” and an average price target of C$44.11.

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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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