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

Exchange Income Co. (TSE:EIF) declared a monthly dividend on Wednesday, April 17th, Zacks reports. Investors of record on Tuesday, April 30th will be given a dividend of 0.22 per share on Wednesday, May 15th. This represents a $2.64 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date is Monday, April 29th.

Exchange Income Stock Performance

TSE:EIF opened at C$46.92 on Friday. The firm’s fifty day moving average price is C$48.10 and its 200 day moving average price is C$46.38. Exchange Income has a 1-year low of C$42.05 and a 1-year high of C$55.41. The company has a debt-to-equity ratio of 162.10, a current ratio of 1.87 and a quick ratio of 1.13. The firm has a market cap of C$2.22 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 1.42 and a beta of 2.07.

Exchange Income (TSE:EIF) last issued its earnings results on Thursday, February 22nd. The company reported C$0.70 EPS for the quarter, hitting the consensus estimate of C$0.70. The company had revenue of C$656.68 million for the quarter, compared to analyst estimates of C$644.49 million. Exchange Income had a net margin of 4.90% and a return on equity of 10.80%. On average, sell-side analysts expect that Exchange Income will post 3.1697987 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on EIF shares. Scotiabank decreased their target price on shares of Exchange Income from C$62.00 to C$60.00 and set an “outperform” rating on the stock in a research report on Monday, January 22nd. Raymond James boosted their target price on shares of Exchange Income from C$70.00 to C$73.00 and gave the stock a “strong-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 note on Monday, February 26th. Canaccord Genuity Group lifted their price target on Exchange Income from C$63.00 to C$65.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Finally, TD Securities lifted their price target on Exchange Income from C$63.00 to C$65.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Exchange Income presently has an average rating of “Buy” and an average target price of C$64.15.

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.