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

Exchange Income Co. (TSE:EIF) declared a monthly dividend on Wednesday, July 17th, Zacks reports. Investors of record on Wednesday, July 31st will be paid a dividend of 0.22 per share on Thursday, August 15th. This represents a $2.64 annualized dividend and a yield of 5.39%. The ex-dividend date is Wednesday, July 31st.

Exchange Income Stock Performance

Shares of EIF opened at C$49.00 on Tuesday. Exchange Income has a 12 month low of C$42.05 and a 12 month high of C$51.84. The firm has a fifty day simple moving average of C$45.65 and a 200 day simple moving average of C$46.83. The stock has a market capitalization of C$2.32 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 1.42 and a beta of 2.06. The company has a current ratio of 1.91, a quick ratio of 1.13 and a debt-to-equity ratio of 164.53.

Exchange Income (TSE:EIF) last announced its earnings results on Tuesday, May 7th. The company reported C$0.20 EPS for the quarter, topping the consensus estimate of C$0.17 by C$0.03. Exchange Income had a net margin of 4.66% and a return on equity of 10.68%. The business had revenue of C$601.77 million during the quarter, compared to analysts’ expectations of C$602.66 million. Research analysts forecast that Exchange Income will post 3.25 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their price target on shares of Exchange Income from C$62.00 to C$66.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$64.06.

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.