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

Exchange Income Co. (TSE:EIF) declared a monthly dividend on Wednesday, April 17th, Zacks reports. Stockholders of record on Tuesday, April 30th will be paid a dividend of 0.22 per share on Wednesday, May 15th. This represents a $2.64 annualized dividend and a dividend yield of 5.70%. The ex-dividend date of this dividend is Monday, April 29th.

Exchange Income Price Performance

TSE EIF opened at C$46.30 on Thursday. The company has a 50-day moving average price of C$48.07 and a two-hundred day moving average price of C$46.29. Exchange Income has a 52 week low of C$42.05 and a 52 week high of C$55.74. The stock has a market cap of C$2.19 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 1.42 and a beta of 2.07. The company has a current ratio of 1.87, a quick ratio of 1.13 and a debt-to-equity ratio of 162.10.

Exchange Income (TSE:EIF) last announced its earnings results on Thursday, February 22nd. The company reported C$0.70 earnings per share for the quarter, meeting the consensus estimate of C$0.70. Exchange Income had a return on equity of 10.80% and a net margin of 4.90%. The firm had revenue of C$656.68 million for the quarter, compared to the consensus estimate of C$644.49 million. Analysts forecast that Exchange Income will post 3.1697987 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EIF. ATB Capital increased their target price on shares of Exchange Income from C$60.00 to C$63.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. Raymond James raised their price objective 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. Canaccord Genuity Group boosted their target price on Exchange Income from C$63.00 to C$65.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Scotiabank reduced their price target on shares of Exchange Income from C$62.00 to C$60.00 and set an “outperform” rating for the company in a research report on Monday, January 22nd. Finally, TD Securities lifted their price objective 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. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$64.15.

Exchange Income Company Profile

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.