Exchange Income Co. (TSE:EIF) declared a monthly dividend on Friday, November 15th, Zacks reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.19 per share on Friday, December 13th. This represents a $2.28 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend is Thursday, November 28th.
TSE:EIF traded down C$0.06 during trading hours on Tuesday, reaching C$44.24. 10,385 shares of the stock were exchanged, compared to its average volume of 91,814. Exchange Income has a twelve month low of C$25.58 and a twelve month high of C$44.68. The company has a debt-to-equity ratio of 184.74, a current ratio of 2.19 and a quick ratio of 1.23. The firm has a 50 day moving average of C$40.28 and a 200 day moving average of C$38.57. The stock has a market cap of $1.52 billion and a PE ratio of 18.89.
A number of equities analysts have weighed in on the company. AltaCorp Capital upped their price target on Exchange Income from C$51.00 to C$52.00 in a research report on Monday, November 11th. Canaccord Genuity increased their price objective on Exchange Income from C$44.00 to C$45.00 in a report on Monday, November 11th. Royal Bank of Canada increased their price objective on Exchange Income from C$40.00 to C$43.00 and gave the company a “sector perform” rating in a report on Monday, November 11th. TD Securities increased their price objective on Exchange Income from C$46.00 to C$47.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Raymond James reissued a “strong-buy” rating and issued a C$55.00 price objective on shares of Exchange Income in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three 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 target price of C$46.28.
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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