Exchange Income Co. (EIF) to Issue Monthly Dividend of $0.18 on July 15th

Exchange Income Co. (TSE:EIF) announced a monthly dividend on Monday, June 17th, Zacks reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.183 per share on Monday, July 15th. This represents a $2.20 dividend on an annualized basis and a yield of 5.73%. The ex-dividend date is Thursday, June 27th.

EIF opened at C$38.33 on Tuesday. Exchange Income has a fifty-two week low of C$25.58 and a fifty-two week high of C$39.34. The company has a debt-to-equity ratio of 187.73, a current ratio of 1.90 and a quick ratio of 1.01. The business’s fifty day simple moving average is C$36.64. The firm has a market capitalization of $1.23 billion and a P/E ratio of 17.87.

Exchange Income (TSE:EIF) last posted its quarterly earnings results on Tuesday, May 7th. The company reported C$0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.39 by C$0.01. The business had revenue of C$297.02 million for the quarter, compared to analyst estimates of C$288.80 million. On average, analysts forecast that Exchange Income will post 3.39 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on EIF shares. CIBC lifted their price target on shares of Exchange Income from C$38.50 to C$39.50 in a research note on Thursday, May 9th. TD Securities lifted their price target on shares of Exchange Income from C$42.00 to C$46.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. National Bank Financial reiterated an “outperform” rating and set a C$42.00 price target on shares of Exchange Income in a research note on Wednesday, March 27th. Finally, Raymond James restated a “strong-buy” rating and issued a C$49.00 target price on shares of Exchange Income in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Exchange Income presently has a consensus rating of “Buy” and an average price target of C$42.71.

About Exchange Income

Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates through two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment offers scheduled airline and charter services, and emergency medical services to communities located in Manitoba, Ontario, and Nunavut, as well as Newfoundland and Labrador, Quebec, New Brunswick, and Nova Scotia.

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Dividend History for Exchange Income (TSE:EIF)

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