Exchange Income Co. Declares Monthly Dividend of $0.18 (EIF)
Exchange Income Co. (TSE:EIF) announced a monthly dividend on Friday, December 15th, Zacks reports. Stockholders of record on Sunday, December 31st will be given a dividend of 0.175 per share on Monday, January 15th. This represents a $2.10 annualized dividend and a dividend yield of 5.98%. The ex-dividend date is Thursday, December 28th.
Exchange Income (EIF) traded down C$0.27 during midday trading on Friday, hitting C$35.09. The stock had a trading volume of 87,900 shares, compared to its average volume of 157,491. The firm has a market cap of $1,080.00, a PE ratio of 17.03 and a beta of 0.71. Exchange Income has a one year low of C$25.80 and a one year high of C$42.63.
EIF has been the subject of a number of analyst reports. Raymond James Financial lifted their price objective on Exchange Income from C$48.00 to C$49.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, November 15th. National Bank Financial reaffirmed an “outperform” rating and set a C$42.00 price objective on shares of Exchange Income in a research note on Tuesday, November 21st. Canaccord Genuity lifted their price objective on Exchange Income from C$42.00 to C$42.50 in a research note on Friday, November 17th. Scotiabank lifted their price objective on Exchange Income from C$42.00 to C$43.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 15th. Finally, Laurentian Bank of Canada decreased their price objective on Exchange Income from C$48.00 to C$47.00 in a research note on Monday, November 13th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Exchange Income presently has a consensus rating of “Buy” and an average price target of C$43.50.
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Exchange Income Company Profile
Exchange Income Corporation is focused on opportunities in aerospace and aviation services and equipment, and manufacturing. The Company operates through two segments: Aviation and Manufacturing. The Aviation segment provides scheduled airline and charter service, and emergency medical services to communities located in Manitoba, Ontario and Nunavut.
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