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

Exchange Income Co. (TSE:EIF - Get Free Report) declared a monthly dividend on Thursday, October 17th, Zacks reports. Shareholders of record on Thursday, October 31st will be given a dividend of 0.22 per share on Friday, November 15th. This represents a $2.64 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date is Thursday, October 31st.

Exchange Income Trading Up 0.4 %

Shares of TSE:EIF traded up C$0.23 during trading hours on Friday, hitting C$56.41. 81,859 shares of the company's stock traded hands, compared to its average volume of 82,655. The firm has a market capitalization of C$2.68 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The business has a fifty day moving average price of C$50.27 and a 200-day moving average price of C$47.80. Exchange Income has a 1 year low of C$42.05 and a 1 year high of C$56.59. 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 - Get Free Report) last posted its quarterly 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 for the quarter, compared to analysts' expectations of C$677.10 million. Equities analysts expect that Exchange Income will post 3.9962963 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EIF. CIBC increased their price objective 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 increased their target price on 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 price target 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. Finally, Canaccord Genuity Group raised their price objective on 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 analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of C$65.28.

Exchange Income Company Profile

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.