Exchange Income Co. (EIF) Plans $0.18 Monthly Dividend
Exchange Income Co. (TSE:EIF) declared a monthly dividend on Friday, August 17th, Zacks reports. Investors of record on Friday, August 31st will be paid a dividend of 0.183 per share on Friday, September 14th. This represents a $2.20 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date is Thursday, August 30th.
Exchange Income stock traded down C$0.06 during trading on Friday, reaching C$32.90. The company had a trading volume of 66,100 shares, compared to its average volume of 77,567. Exchange Income has a 52 week low of C$29.58 and a 52 week high of C$37.60.
A number of equities analysts recently commented on EIF shares. TD Securities raised their target price on Exchange Income from C$46.00 to C$47.00 and gave the stock a “buy” rating in a report on Thursday, May 10th. Royal Bank of Canada cut their price target on Exchange Income from C$39.00 to C$38.00 and set a “sector perform” rating for the company in a research note on Friday, August 10th. Finally, National Bank Financial reiterated an “outperform” rating and issued a C$44.00 price target on shares of Exchange Income in a research note on Wednesday, June 27th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$44.22.
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.
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