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

Exchange Income Co. (TSE:EIF) announced a monthly dividend on Tuesday, September 17th, Zacks reports. Shareholders of record on Friday, September 27th will be paid a dividend of 0.22 per share on Tuesday, October 15th. This represents a $2.64 annualized dividend and a yield of 5.17%. The ex-dividend date of this dividend is Friday, September 27th.

Exchange Income Stock Up 0.7 %

TSE EIF opened at C$51.02 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 52 week low of C$42.05 and a 52 week high of C$51.16. The business’s fifty day simple moving average is C$48.24 and its 200-day simple moving average is C$47.26. The firm has a market cap of C$2.42 billion, a PE ratio of 20.89, a P/E/G 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. The company had revenue of C$660.58 million for the quarter, compared to analyst estimates of C$677.10 million. Exchange Income had a net margin of 4.44% and a return on equity of 9.38%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on EIF shares. TD Securities raised their target price on Exchange Income from C$65.00 to C$69.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. ATB Capital raised their price objective on 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. CIBC increased their target price on shares of Exchange Income from C$61.50 to C$62.50 and gave the stock an “outperform” 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 report on Monday, August 12th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target 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.