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

Exchange Income Co. (TSE:EIF) declared a monthly dividend on Wednesday, April 17th, Zacks reports. Investors of record on Tuesday, April 30th will be paid a dividend of 0.22 per share on Wednesday, May 15th. This represents a $2.64 annualized dividend and a yield of 5.70%. The ex-dividend date of this dividend is Monday, April 29th.

Exchange Income Trading Up 1.7 %

Shares of Exchange Income stock opened at C$46.30 on Thursday. The firm has a market capitalization of C$2.19 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.42 and a beta of 2.07. Exchange Income has a fifty-two week low of C$42.05 and a fifty-two week high of C$55.74. The company has a debt-to-equity ratio of 162.10, a quick ratio of 1.13 and a current ratio of 1.87. The stock has a 50 day moving average of C$48.07 and a 200 day moving average of C$46.29.

Exchange Income (TSE:EIF) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$0.70 earnings per share for the quarter, hitting the consensus estimate of C$0.70. Exchange Income had a return on equity of 10.80% and a net margin of 4.90%. The company had revenue of C$656.68 million during the quarter, compared to analyst estimates of C$644.49 million. As a group, research analysts predict that Exchange Income will post 3.1697987 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on EIF shares. Scotiabank decreased their price target on Exchange Income from C$62.00 to C$60.00 and set an “outperform” rating on the stock in a research note on Monday, January 22nd. Raymond James upped their price target on Exchange Income from C$70.00 to C$73.00 and gave the stock a “strong-buy” rating in a research note on Monday, February 26th. Canaccord Genuity Group upped their price target on Exchange Income from C$63.00 to C$65.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. TD Securities upped their price target on Exchange Income from C$63.00 to C$65.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Finally, ATB Capital upped their price target on Exchange Income from C$60.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. Seven investment 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, Exchange Income presently has an average rating of “Buy” and an average price target of C$64.15.

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.