Exchange Income Co. Plans Sep 25 Dividend of $0.22 (TSE:EIF)

Key Points

• Exchange Income Co. declared a dividend of $0.22 per share, set to be paid on October 15th to stockholders of record on September 29th.
• The company's shares opened at C$70.37 and have a market capitalization of C$3.62 billion.
• Exchange Income operates in two sectors: aerospace and aviation services as well as manufacturing, focusing on profitable companies in niche markets.

Exchange Income Co. (TSE:EIF - Get Free Report) announced a sep 25 dividend on Wednesday, September 17th, RTT News reports. Shareholders of record on Monday, September 29th will be given a dividend of 0.22 per share on Wednesday, October 15th.

Exchange Income Price Performance

TSE EIF traded up C$1.55 during trading hours on Friday, reaching C$73.18. The company's stock had a trading volume of 655,562 shares, compared to its average volume of 116,025. The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 173.72. The firm's 50-day moving average price is C$69.56 and its 200-day moving average price is C$59.73. Exchange Income has a 1 year low of C$45.00 and a 1 year high of C$75.13. The company has a market capitalization of C$3.77 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 1.42 and a beta of 0.88.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. CIBC boosted their target price on Exchange Income from C$74.50 to C$84.50 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Canaccord Genuity Group raised their price objective on Exchange Income from C$77.00 to C$80.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Desjardins raised their price objective on Exchange Income from C$73.00 to C$84.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Raymond James Financial raised their price objective on Exchange Income from C$80.00 to C$85.00 and gave the stock a "strong-buy" rating in a report on Wednesday, August 13th. Finally, Royal Bank Of Canada increased their target price on Exchange Income from C$74.00 to C$81.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Exchange Income currently has an average rating of "Buy" and a consensus price target of C$80.18.

About Exchange Income

Exchange Income Corp is a diversified acquisition-oriented corporation focused on opportunities in two sectors, aerospace, aviation services and equipment, and manufacturing. The business plan of the corporation is to invest in profitable, well-established companies with strong cash flows operating in niche markets.