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. Stockholders of record on Wednesday, July 31st will be given a dividend of 0.22 per share on Thursday, August 15th. This represents a $2.64 annualized dividend and a dividend yield of 5.39%. The ex-dividend date is Wednesday, July 31st.

Exchange Income Stock Down 0.2 %

EIF stock opened at C$49.00 on Tuesday. The business’s 50-day moving average is C$45.65 and its two-hundred day moving average is C$46.83. The company has a market cap of C$2.32 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of 1.42 and a beta of 2.06. Exchange Income has a fifty-two week low of C$42.05 and a fifty-two week high of C$51.84. The company has a debt-to-equity ratio of 164.53, a quick ratio of 1.13 and a current ratio of 1.91.

Exchange Income (TSE:EIF) last posted its quarterly earnings data on Tuesday, May 7th. The company reported C$0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.03. The company had revenue of C$601.77 million for the quarter, compared to the consensus estimate of C$602.66 million. Exchange Income had a net margin of 4.66% and a return on equity of 10.68%. As a group, analysts forecast that Exchange Income will post 3.25 earnings per share for the current year.

Analyst Ratings Changes

Separately, Canaccord Genuity Group boosted their price target on Exchange Income from C$62.00 to C$66.00 and gave the company a “buy” rating in a report on Monday, July 15th. Seven 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 currently has an average rating of “Buy” and an average 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.