Exchange Income Co. (TSE:EIF) to Issue Aug 25 Dividend of $0.22

Key Points

• Exchange Income Co. has announced a dividend of $0.22 per share, which will be distributed on September 15 to shareholders of record on August 29.
• Despite a slight drop in stock price to C$73.59, analysts have positive outlooks, with several raising price targets and ratings for the stock.
• The company's stock has a market capitalization of C$3.67 billion and is characterized by a high beta of 2.04, indicating significant volatility.

Exchange Income Co. (TSE:EIF - Get Free Report) announced a aug 25 dividend on Friday, August 15th, RTT News reports. Investors of record on Friday, August 29th will be paid a dividend of 0.22 per share on Monday, September 15th.

Exchange Income Price Performance

Shares of Exchange Income stock traded up C$0.12 during midday trading on Wednesday, hitting C$72.86. 99,006 shares of the company traded hands, compared to its average volume of 111,882. The stock has a market cap of C$3.63 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 1.42 and a beta of 2.04. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76. The firm's fifty day moving average price is C$64.96 and its 200-day moving average price is C$56.71. Exchange Income has a 12 month low of C$45.00 and a 12 month high of C$75.13.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on EIF shares. BMO Capital Markets boosted their target price on shares of Exchange Income from C$59.00 to C$65.50 and gave the stock a "market perform" rating in a report on Wednesday, August 13th. TD Securities boosted their target price on shares of Exchange Income from C$70.00 to C$84.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. National Bankshares boosted their target price on shares of Exchange Income from C$71.00 to C$84.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. Cormark boosted their target price on shares of Exchange Income from C$67.00 to C$78.50 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Scotiabank boosted their target price on shares of Exchange Income from C$66.00 to C$80.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of C$79.68.

Exchange Income Company Profile

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.