Exchange Income Co. (EIF.TO) (TSE:EIF) declared a monthly dividend on Thursday, December 17th, Zacks reports. Investors of record on Thursday, December 31st will be paid a dividend of 0.19 per share on Friday, January 15th. This represents a $2.28 dividend on an annualized basis and a yield of 6.22%. The ex-dividend date is Wednesday, December 30th.
TSE:EIF opened at C$36.68 on Friday. The stock has a 50 day moving average of C$36.75 and a two-hundred day moving average of C$31.33. Exchange Income Co. has a 12 month low of C$12.57 and a 12 month high of C$46.10. The firm has a market cap of C$1.30 billion and a P/E ratio of 31.92. The company has a current ratio of 2.07, a quick ratio of 1.23 and a debt-to-equity ratio of 177.69.
Exchange Income Co. (EIF.TO) (TSE:EIF) last issued its quarterly earnings results on Thursday, November 12th. The company reported C$0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.34 by C$0.25. The firm had revenue of C$297.29 million for the quarter, compared to analysts’ expectations of C$302.28 million. On average, research analysts forecast that Exchange Income Co. will post 2.39 earnings per share for the current year.
A number of equities analysts recently weighed in on EIF shares. National Bank Financial increased their price objective on shares of Exchange Income Co. (EIF.TO) from C$36.00 to C$40.00 and gave the stock an “outperform” rating in a research report on Monday, November 16th. TD Securities boosted their price objective on Exchange Income Co. (EIF.TO) from C$36.00 to C$41.00 and gave the company a “buy” rating in a report on Monday, November 16th. Raymond James set a C$45.00 target price on Exchange Income Co. (EIF.TO) and gave the company a “strong-buy” rating in a report on Monday, November 16th. Royal Bank of Canada boosted their price target on shares of Exchange Income Co. (EIF.TO) from C$36.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Monday, November 16th. Finally, Scotiabank raised their price objective on shares of Exchange Income Co. (EIF.TO) from C$32.00 to C$38.00 in a research note on Tuesday, November 17th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of C$40.44.
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About Exchange Income Co. (EIF.TO)
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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Go to the news source: Exchange Income Co. (EIF.TO) Announces Monthly Dividend of $0.19 (TSE:EIF)
