Exchange Income Co. (TSE:EIF) to Issue $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 given 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 Stock Up 1.7 %

TSE EIF opened at C$46.30 on Thursday. The stock’s 50-day moving average price is C$48.07 and its 200-day moving average price is C$46.29. The company has a quick ratio of 1.13, a current ratio of 1.87 and a debt-to-equity ratio of 162.10. Exchange Income has a 52 week low of C$42.05 and a 52 week high of C$55.74. The company has a market capitalization of C$2.19 billion, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 1.42 and a beta of 2.07.

Exchange Income (TSE:EIF) last released its earnings results on Thursday, February 22nd. The company reported C$0.70 earnings per share (EPS) for the quarter, hitting 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 during the quarter, compared to analysts’ expectations of C$644.49 million. On average, equities research analysts predict that Exchange Income will post 3.1697987 earnings per share for the current year.

Analyst Upgrades and Downgrades

EIF has been the subject of several research analyst reports. Scotiabank cut their price target on Exchange Income from C$62.00 to C$60.00 and set an “outperform” rating for the company in a report on Monday, January 22nd. Raymond James raised 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. TD Securities raised 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. Canaccord Genuity Group raised 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, ATB Capital raised 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. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Exchange Income presently has an average rating of “Buy” and a consensus price target 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.