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

Exchange Income Co. (TSE:EIF) declared a monthly dividend on Tuesday, September 17th, Zacks reports. Investors of record on Friday, September 27th will be given a dividend of 0.22 per share on Tuesday, October 15th. This represents a $2.64 annualized dividend and a yield of 5.20%. The ex-dividend date is Friday, September 27th.

Exchange Income Stock Down 1.2 %

Exchange Income stock opened at C$50.76 on Thursday. The company’s 50 day simple moving average is C$48.73 and its 200 day simple moving average is C$47.33. Exchange Income has a fifty-two week low of C$42.05 and a fifty-two week high of C$51.70. The firm has a market capitalization of C$2.41 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 1.42 and a beta of 2.04. The company has a debt-to-equity ratio of 171.03, a current ratio of 1.77 and a quick ratio of 1.13.

Exchange Income (TSE:EIF) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.80 earnings per share for the quarter, topping the consensus estimate of C$0.78 by C$0.02. Exchange Income had a net margin of 4.44% and a return on equity of 9.38%. The business had revenue of C$660.58 million for the quarter, compared to analyst estimates of C$677.10 million.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on EIF shares. ATB Capital lifted their price target on shares of Exchange Income from C$66.00 to C$67.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. CIBC lifted their price target on shares of Exchange Income from C$61.50 to C$62.50 and gave the company an “outperform” rating in a research note on Monday, August 12th. TD Securities lifted their price target on shares of Exchange Income from C$65.00 to C$69.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Canaccord Genuity Group lifted their price target on shares of Exchange Income from C$66.00 to C$68.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Exchange Income has a consensus rating of “Buy” and an average target price of C$65.28.

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.