Exchange Income Co. Announces 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 paid a dividend of 0.22 per share on Tuesday, October 15th. This represents a $2.64 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Friday, September 27th.

Exchange Income Stock Performance

Exchange Income has a 52-week low of C$42.05 and a 52-week high of C$50.89. The firm has a 50 day moving average price of C$48.24 and a 200 day moving average price of C$47.26. The stock has a market cap of C$2.41 billion, a P/E ratio of 20.89, a PEG ratio of 1.42 and a beta of 2.04. The company has a debt-to-equity ratio of 171.03, a quick ratio of 1.13 and a current ratio of 1.77.

Exchange Income (TSE:EIF) last issued its earnings results on Thursday, August 8th. The company reported C$0.80 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of C$660.58 million during the quarter, compared to the consensus estimate of C$677.10 million.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Canaccord Genuity Group increased their price objective on Exchange Income from C$66.00 to C$68.00 and gave the company a “buy” rating in a report on Monday, August 12th. ATB Capital increased 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. TD Securities boosted their price objective on shares of Exchange Income from C$65.00 to C$69.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, CIBC upped their target price on shares of Exchange Income from C$61.50 to C$62.50 and gave the company an “outperform” rating in a report 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average 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.