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

Exchange Income Co. (TSE:EIF) declared a monthly dividend on Tuesday, September 17th, Zacks reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date is Friday, September 27th.

Exchange Income Trading Up 0.9 %

Shares of EIF stock opened at C$51.40 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 171.03. Exchange Income has a fifty-two week low of C$42.05 and a fifty-two week high of C$51.70. The firm’s 50 day moving average price is C$48.65 and its two-hundred day moving average price is C$47.31. The stock has a market cap of C$2.44 billion, a price-to-earnings ratio of 21.24, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04.

Exchange Income (TSE:EIF) last posted its earnings results on Thursday, August 8th. The company reported C$0.80 earnings per share for the quarter, beating 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EIF shares. CIBC increased their target price on 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 increased their price objective on shares of Exchange Income from C$65.00 to C$69.00 and gave the company a “buy” rating in a research report on Monday, August 12th. ATB Capital boosted their target price on shares of Exchange Income from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Finally, Canaccord Genuity Group raised 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 report on Monday, August 12th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Exchange Income presently has an average rating of “Buy” and a consensus 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.