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

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 dividend yield of 5.45%. The ex-dividend date of this dividend is Friday, May 31st.

Exchange Income Stock Up 0.3 %

Shares of Exchange Income stock opened at C$48.41 on Friday. Exchange Income has a 52-week low of C$42.05 and a 52-week high of C$55.18. The firm’s 50 day moving average price is C$47.74 and its 200-day moving average price is C$46.70. The company has a quick ratio of 1.13, a current ratio of 1.91 and a debt-to-equity ratio of 164.53. The company has a market cap of C$2.29 billion, a P/E ratio of 18.76, a PEG ratio of 1.42 and a beta of 2.06.

Exchange Income (TSE:EIFGet Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$0.70 EPS for the quarter, meeting the consensus estimate of C$0.70. Exchange Income had a return on equity of 10.68% and a net margin of 4.66%. The firm had revenue of C$656.68 million during the quarter, compared to analyst estimates of C$644.49 million. On average, sell-side analysts predict that Exchange Income will post 3.2174488 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Raymond James boosted their price target on Exchange Income from C$70.00 to C$73.00 and gave the stock a “strong-buy” rating in a research note on Monday, February 26th. Scotiabank lowered their price objective 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 upped their target price on 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. ATB Capital lifted 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. Finally, Canaccord Genuity Group increased their price objective on Exchange Income from C$63.00 to C$65.00 and gave the company a “buy” rating in a report on Monday, February 26th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$63.94.

View Our Latest Stock Analysis on EIF

About Exchange Income

(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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