View ValuationExchange Income 将来の成長Future 基準チェック /46Exchange Incomeは、20.6%と8.3%でそれぞれ年率20.6%で利益と収益が成長すると予測される一方、EPSはgrowで13.6%年率。主要情報20.6%収益成長率13.57%EPS成長率Airlines 収益成長8.2%収益成長率8.3%将来の株主資本利益率n/aアナリストカバレッジGood最終更新日10 Jun 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesBoard Change • Jun 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 8 highly experienced directors. Director Carmele Peter was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Declared Dividend • May 21Dividend of CA$0.23 announcedShareholders will receive a dividend of CA$0.23. Ex-date: 29th May 2026 Payment date: 15th June 2026 Dividend yield will be 2.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (77% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • May 16Exchange Income Corporation Announces Dividend for the Month Ended May 31, 2026, Payable on June 15, 2026Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.23 per share for the month ended May 31, 2026 payable June 15, 2026 to shareholders of record at the close of business on May 29, 2026.お知らせ • Apr 17Exchange Income Corporation Announces April 2026 Dividend, Payable on May 15, 2026Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.23 per share for the month ended April 30, 2026 payable May 15, 2026 to shareholders of record at the close of business on April 30, 2026.お知らせ • Apr 14Exchange Income Corporation to Report Q1, 2026 Results on May 11, 2026Exchange Income Corporation announced that they will report Q1, 2026 results After-Market on May 11, 2026お知らせ • Mar 17Exchange Income Corporation Declares Dividend for the Month Ended March 31, 2026, Payable on April 15, 2026Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.23 per share for the month ended March 31, 2026 payable April 15, 2026 to shareholders of record at the close of business on March 31, 2026.お知らせ • Mar 13Exchange Income Corporation announced that it has received CAD 600 million in fundingOn March 13, 2026, Exchange Income Corporation closed the transaction.お知らせ • Mar 10Exchange Income Corporation, Annual General Meeting, May 12, 2026Exchange Income Corporation, Annual General Meeting, May 12, 2026.お知らせ • Mar 05Exchange Income Corporation announced that it has received CAD 600 million in fundingExchange Income Corporation announced that it has issued senior unsecured notes for gross proceeds of CAD 600 million in funding on March 4, 2026. The notes are 4.324% senior unsecured notes due March 13, 2031. The closing of the Offering is expected to occur on or about March 13, 2026, subject to customary closing conditions.お知らせ • Feb 17Exchange Income Corporation Declares Dividend for the Month Ended February 28, 2026, Payable March 13, 2026Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.23 per share for the month ended February 28, 2026 payable March 13, 2026 to shareholders of record at the close of business on February 27, 2026.お知らせ • Jan 22Exchange Income Corporation to Report Q4, 2025 Results on Feb 24, 2026Exchange Income Corporation announced that they will report Q4, 2025 results After-Market on Feb 24, 2026お知らせ • Jan 16Exchange Income Corporation Announces January 2026 Dividend, Payable on February 13, 2026Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.23 per share for the month ended January 31, 2026 payable February 13, 2026 to shareholders of record at the close of business on January 30, 2026.お知らせ • Dec 17Exchange Income Corporation Announces Dividend for Month Ended December 31, 2025, Payable January 15, 2026Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.23 per share for the month ended December 31, 2025, payable January 15, 2026 to shareholders of record at the close of business on December 31, 2025.お知らせ • Nov 18Exchange Income Corporation Announces Dividend for Month Ended November 30, 2025, Payable December 15, 2025Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.23 per share for the month ended November 30, 2025 payable December 15, 2025 to shareholders of record at the close of business on November 28, 2025.お知らせ • Oct 17Exchange Income Corporation Announces Dividend for Month Ended October 31, 2025, Payable November 14, 2025Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended October 31, 2025 payable November 14, 2025 to shareholders of record at the close of business on October 31, 2025.お知らせ • Oct 10Exchange Income Corporation to Report Q3, 2025 Results on Nov 06, 2025Exchange Income Corporation announced that they will report Q3, 2025 results After-Market on Nov 06, 2025お知らせ • Sep 17Exchange Income Corporation Announces Dividend for the Month Ended September 30, 2025 , Payable on October 15, 2025Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended September 30, 2025 payable October 15, 2025 to shareholders of record at the close of business on September 29, 2025. Eligible shareholders have the opportunity to reinvest their dividends in accordance with the Corporation’s dividend reinvestment and share purchase plan.お知らせ • Aug 15Exchange Income Corporation Announces Dividend for the Month of August 2025, Payable on September 15, 2025Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended August 31, 2025 payable September 15, 2025 to shareholders of record at the close of business on August 29, 2025.お知らせ • Jul 17+ 1 more updateExchange Income Corporation Announces Dividend for July 2025, Payable July 31, 2025Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended July 31, 2025 payable August 15, 2025 to shareholders of record at the close of business on July 31, 2025.お知らせ • Jul 08Exchange Income Corporation to Report Q2, 2025 Results on Aug 11, 2025Exchange Income Corporation announced that they will report Q2, 2025 results After-Market on Aug 11, 2025お知らせ • Jul 02Exchange Income Corporation (TSX:EIF) completed the acquisition of Bradley Air Services Limited from Makivik Corporation, Air NorTerra Inc., and sellers.Exchange Income Corporation (TSX:EIF) signed a binding purchase agreement to acquire Bradley Air Services Limited from Makivik Corporation, Air NorTerra Inc., and sellers for approximately CAD 210 million on February 24, 2025. A cash consideration of CAD 205 million will be paid by Exchange Income Corporation. The purchase price will be funded through the issuance of CAD 10 million of EIC common and cash in the amount of CAD 195 million from credit facility. The transaction is subject to regulatory approvals and other customary closing conditions. The transaction is expected to close later this year. Torys LLP acted as legal advisor for Exchange Income Corporation. Norton Rose Fulbright Canada LLP acted as legal advisor for Bradley Air Services Limited and Makivik Corporation. Exchange Income Corporation (TSX:EIF) completed the acquisition of Bradley Air Services Limited from Makivik Corporation, Air NorTerra Inc., and sellers on February 24, 2025.お知らせ • Jun 18Exchange Income Corporation Declares Dividend for the Month Ended June 30, 2025, Payable on July 15, 2025Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended June 30, 2025, payable on July 15, 2025 to shareholders of record at the close of business on June 30, 2025.お知らせ • May 18Exchange Income Corporation Declares Dividend for the Month Ended May 31, 2025 Payable June 13, 2025Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended May 31, 2025 payable June 13, 2025 to shareholders of record at the close of business on May 30, 2025.お知らせ • Apr 17Exchange Income Corporation Declares Dividend for the Month Ending April 30, 2025, Payable May 15, 2025Exchange Income Corporation announced that the directors of the corporation have declared eligible dividends totaling $0.22 per share for the month ending April 30, 2025, payable May 15, 2025 to shareholders of record at the close of business on April 30, 2025.お知らせ • Apr 09Exchange Income Corporation to Report Q1, 2025 Results on May 12, 2025Exchange Income Corporation announced that they will report Q1, 2025 results After-Market on May 12, 2025お知らせ • Mar 18Exchange Income Corporation Declares Dividend for the Month Ended March 31, 2025; Payable on April 15, 2025Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended March 31, 2025 payable April 15, 2025 to shareholders of record at the close of business on March 31, 2025.お知らせ • Mar 10Exchange Income Corporation, Annual General Meeting, May 13, 2025Exchange Income Corporation, Annual General Meeting, May 13, 2025.お知らせ • Feb 25Exchange Income Corporation (TSX:EIF) signed a binding purchase agreement to acquire Bradley Air Services Limited from Makivik Corporation for approximately CAD 210 million.Exchange Income Corporation (TSX:EIF) signed a binding purchase agreement to acquire Bradley Air Services Limited from Makivik Corporation, Air NorTerra Inc., and sellers for approximately CAD 210 million on February 24, 2025. A cash consideration of CAD 205 million will be paid by Exchange Income Corporation. The purchase price will be funded through the issuance of CAD 10 million of EIC common and cash in the amount of CAD 195 million from credit facility. The transaction is subject to regulatory approvals and other customary closing conditions. The transaction is expected to close later this year. Torys LLP acted as legal advisor for Exchange Income Corporation. Norton Rose Fulbright Canada LLP acted as legal advisor for Bradley Air Services Limited and Makivik Corporation.お知らせ • Feb 15Exchange Income Corporation Declares Dividend for the Month Ended February 28, 2025 Payable on March 14, 2025Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended February 28, 2025 payable on March 14, 2025 to shareholders of record at the close of business on February 28, 2025.お知らせ • Jan 19Exchange Income Corporation to Report Q4, 2024 Results on Feb 26, 2025Exchange Income Corporation announced that they will report Q4, 2024 results After-Market on Feb 26, 2025お知らせ • Jan 17Exchange Income Corporation Announces January 2025 Dividend, Payable February 14, 2025Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended January 31, 2025 payable February 14, 2025 to shareholders of record at the close of business on January 31, 2025.お知らせ • Dec 18Exchange Income Corporation Announces December 2024 Dividend, Payable January 15, 2025Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended December 31, 2024 payable January 15, 2025 to shareholders of record at the close of business on December 31, 2024.お知らせ • Nov 15Exchange Income Corporation Declares Dividend for the Month Ended November 30, 2024, Payable on December 13, 2024Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended November 30, 2024 payable December 13, 2024 to shareholders of record at the close of business on November 29, 2024.お知らせ • Nov 14Exchange Income Corporation (TSX:EIF) completed the acquisition of Spartan Mat, LLC.Exchange Income Corporation (TSX:EIF) agreed to acquire Spartan Mat, LLC for $120 million on November 7, 2024. The purchase price will be funded through the issuance of $18 million of EIC common shares to the vendors and cash in the amount of $102 million from the Exchange Income Corporation’s credit facility. The expected completion of the transaction is within a week. Baker & Hostetler LLP acted as legal advisor for Exchange Income Corporation. Osborn Maledon, P.A. acted as legal advisor for Spartan Mat, LLC. Exchange Income Corporation (TSX:EIF) completed the acquisition of Spartan Mat, LLC on November 13, 2024.Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: CA$1.18 (vs CA$1.06 in 3Q 2023)Third quarter 2024 results: EPS: CA$1.18 (up from CA$1.06 in 3Q 2023). Revenue: CA$709.9m (up 3.2% from 3Q 2023). Net income: CA$55.9m (up 13% from 3Q 2023). Profit margin: 7.9% (up from 7.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 08Exchange Income Corporation (TSX:EIF) agreed to acquire Spartan Mat, LLC for $120 million.Exchange Income Corporation (TSX:EIF) agreed to acquire Spartan Mat, LLC for $120 million on November 7, 2024. The purchase price will be funded through the issuance of $18 million of EIC common shares to the vendors and cash in the amount of $102 million from the Exchange Income Corporation’s credit facility. The expected completion of the transaction is within a week. Baker & Hostetler LLP acted as legal advisor for Exchange Income Corporation. Osborn Maledon, P.A. acted as legal advisor for Spartan Mat, LLC.Declared Dividend • Oct 21Dividend of CA$0.22 announcedShareholders will receive a dividend of CA$0.22. Ex-date: 31st October 2024 Payment date: 15th November 2024 Dividend yield will be 5.0%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (106% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 17% to bring the payout ratio under control. EPS is expected to grow by 94% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • Oct 17Exchange Income Corporation Declares Dividends for the Month Ended October 31, 2024, Payable on November 15, 2024Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended October 31, 2024, payable on November 15, 2024 to shareholders of record at the close of business on October 31, 2024.お知らせ • Oct 08Exchange Income Corporation to Report Q3, 2024 Results on Nov 07, 2024Exchange Income Corporation announced that they will report Q3, 2024 results After-Market on Nov 07, 2024New Risk • Sep 27New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Paying a dividend despite having no free cash flows. Minor Risk Shareholders have been diluted in the past year (2.2% increase in shares outstanding).Declared Dividend • Sep 20Dividend of CA$0.22 announcedShareholders will receive a dividend of CA$0.22. Ex-date: 27th September 2024 Payment date: 15th October 2024 Dividend yield will be 5.7%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (106% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 17% to bring the payout ratio under control. EPS is expected to grow by 94% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • Sep 17Exchange Income Corporation Declares Dividend for the Month Ended September 30, 2024, Payable October 15, 2024Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended September 30, 2024 payable October 15, 2024 to shareholders of record at the close of business on September 27, 2024.Declared Dividend • Aug 26Dividend of CA$0.22 announcedShareholders will receive a dividend of CA$0.22. Ex-date: 30th August 2024 Payment date: 13th September 2024 Dividend yield will be 5.8%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (106% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 17% to bring the payout ratio under control. EPS is expected to grow by 94% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • Aug 16Exchange Income Corporation Declares Dividend for the Month Ended August 31, 2024, Payable September 13, 2024Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended August 31, 2024, payable September 13, 2024 to shareholders of record at the close of business on August 30, 2024.Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: CA$0.69 (vs CA$0.85 in 2Q 2023)Second quarter 2024 results: EPS: CA$0.69 (down from CA$0.85 in 2Q 2023). Revenue: CA$660.6m (up 5.3% from 2Q 2023). Net income: CA$32.6m (down 12% from 2Q 2023). Profit margin: 4.9% (down from 5.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Declared Dividend • Jul 21Dividend of CA$0.22 announcedShareholders will receive a dividend of CA$0.22. Ex-date: 31st July 2024 Payment date: 15th August 2024 Dividend yield will be 5.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 9.8% to bring the payout ratio under control. EPS is expected to grow by 65% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • Jul 17Exchange Income Corporation Declares Quarterly Dividend for July 2024, Payable on August 15, 2024Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended July 31, 2024 payable August 15, 2024 to shareholders of record at the close of business on July 31, 2024.お知らせ • Jul 09Exchange Income Corporation to Report Q2, 2024 Results on Aug 08, 2024Exchange Income Corporation announced that they will report Q2, 2024 results After-Market on Aug 08, 2024New Risk • Jun 30New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Paying a dividend despite having no free cash flows. Minor Risk Shareholders have been diluted in the past year (2.1% increase in shares outstanding).Declared Dividend • Jun 20Dividend of CA$0.22 announcedShareholders will receive a dividend of CA$0.22. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 6.3%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 9.8% to bring the payout ratio under control. EPS is expected to grow by 65% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • Jun 18Exchange Income Corporation Declares Dividend for the Month Ended June 30, 2024, Payable on July 15, 2024Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended June 30, 2024 payable July 15, 2024 to shareholders of record at the close of business on June 28, 2024.Declared Dividend • May 27Dividend of CA$0.22 announcedShareholders will receive a dividend of CA$0.22. Ex-date: 31st May 2024 Payment date: 14th June 2024 Dividend yield will be 6.1%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 9.8% to bring the payout ratio under control. EPS is expected to grow by 65% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • May 18Exchange Income Corporation Declares Dividend for the Month Ended May 31, 2024, Payable June 14, 2024Exchange Income Corporation announced that the directors of the corporation have declared eligible dividends totaling $0.22 per share for the month ended May 31, 2024, payable June 14, 2024 to shareholders of record at the close of business on May 31, 2024.Reported Earnings • May 08First quarter 2024 earnings released: EPS: CA$0.10 (vs CA$0.16 in 1Q 2023)First quarter 2024 results: EPS: CA$0.10 (down from CA$0.16 in 1Q 2023). Revenue: CA$601.8m (up 14% from 1Q 2023). Net income: CA$4.53m (down 34% from 1Q 2023). Profit margin: 0.8% (down from 1.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Declared Dividend • Apr 23Dividend of CA$0.22 announcedShareholders will receive a dividend of CA$0.22. Ex-date: 29th April 2024 Payment date: 15th May 2024 Dividend yield will be 5.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 3.8% to bring the payout ratio under control. EPS is expected to grow by 34% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • Apr 17Exchange Income Corporation Declares Dividend for the Month Ending April 30, 2024 Payable on May 15, 2024Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended April 30, 2024 payable May 15, 2024 to shareholders of record at the close of business on April 30, 2024.お知らせ • Apr 11Exchange Income Corporation to Report Q1, 2024 Results on May 07, 2024Exchange Income Corporation announced that they will report Q1, 2024 results After-Market on May 07, 2024Declared Dividend • Mar 25Dividend of CA$0.22 announcedShareholders will receive a dividend of CA$0.22. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 5.5%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 3.8% to bring the payout ratio under control. EPS is expected to grow by 33% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • Mar 15Exchange Income Corporation Declares Dividend for the Month Ending March 31, 2024 Payable on April 15, 2024Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended March 31, 2024 payable April 15, 2024 to shareholders of record at the close of business on March 29, 2024.お知らせ • Mar 02Exchange Income Corporation, Annual General Meeting, May 08, 2024Exchange Income Corporation, Annual General Meeting, May 08, 2024.Reported Earnings • Feb 23Full year 2023 earnings released: EPS: CA$2.72 (vs CA$2.72 in FY 2022)Full year 2023 results: EPS: CA$2.72 (up from CA$2.72 in FY 2022). Revenue: CA$2.50b (up 21% from FY 2022). Net income: CA$122.3m (up 12% from FY 2022). Profit margin: 4.9% (down from 5.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Declared Dividend • Feb 22Dividend of CA$0.22 announcedShareholders will receive a dividend of CA$0.22. Ex-date: 28th February 2024 Payment date: 15th March 2024 Dividend yield will be 5.8%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 2.0% to bring the payout ratio under control. EPS is expected to grow by 30% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • Feb 16Exchange Income Corporation Declares Dividend for the Month Ending February 29, 2024, Payable on March 15, 2024Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended February 29, 2024 payable March 15, 2024 to shareholders of record at the close of business on February 29, 2024.Upcoming Dividend • Jan 23Upcoming dividend of CA$0.22 per share at 5.8% yieldEligible shareholders must have bought the stock before 30 January 2024. Payment date: 15 February 2024. Payout ratio is on the higher end at 92% but the company is not cash flow positive. Trailing yield: 5.8%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (2.6%).お知らせ • Jan 19Exchange Income Corporation to Report Q4, 2023 Results on Feb 22, 2024Exchange Income Corporation announced that they will report Q4, 2023 results After-Market on Feb 22, 2024お知らせ • Jan 17Exchange Income Corporation Declares Dividend for the Month Ending January 31, 2024, Payable on February 15, 2024Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended January 31, 2024 payable February 15, 2024 to shareholders of record at the close of business on January 31, 2024.お知らせ • Dec 15Exchange Income Corporation Announces December 2023 Dividend, Payable on January 15, 2024Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended December 31, 2023 payable January 15, 2024 to shareholders of record at the close of business on December 29, 2023.お知らせ • Nov 18Exchange Income Corporation Declares Dividend for the Month Ending November 30, 2023, Payable on December 15, 2023Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ending November 30, 2023, payable December 15, 2023 to shareholders of record at the close of business on November 30, 2023.Reported Earnings • Nov 12Third quarter 2023 earnings released: EPS: CA$1.06 (vs CA$1.20 in 3Q 2022)Third quarter 2023 results: EPS: CA$1.06. Revenue: CA$687.7m (up 17% from 3Q 2022). Net income: CA$49.5m (up 1.2% from 3Q 2022). Profit margin: 7.2% (down from 8.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Airlines industry in Europe.お知らせ • Nov 11Exchange Income Corporation Provides Dividend Guidance for the Year 2023Exchange Income Corporation provided dividend guidance for the year 2023. The company announced that based on its underlying operating fundamentals and strong outlook the company increasing its annual dividend by 5%. This will increase its annual dividend from $2.52 per share to $2.64 per share effective with the November 2023 dividend.Upcoming Dividend • Oct 23Upcoming dividend of CA$0.21 per share at 5.8% yieldEligible shareholders must have bought the stock before 30 October 2023. Payment date: 15 November 2023. Payout ratio is on the higher end at 89% but the company is not cash flow positive. Trailing yield: 5.8%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (3.4%).お知らせ • Oct 18Exchange Income Corporation Announces Dividend October 2023, Payable November 15, 2023Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.21 per share for the month ended October 31, 2023 payable November 15, 2023 to shareholders of record at the close of business on October 31, 2023.お知らせ • Oct 13Exchange Income Corporation to Report Q3, 2023 Results on Nov 09, 2023Exchange Income Corporation announced that they will report Q3, 2023 results After-Market on Nov 09, 2023お知らせ • Oct 06Exchange Income Corporation (TSX:EIF) acquired Dryair Manufacturing Corp. for CAD 60 million.Exchange Income Corporation (TSX:EIF) acquired Dryair Manufacturing Corp. for CAD 60 million on October 5, 2023. The purchase price was funded by the issuance of CAD 15 million of EIC common shares, equivalent to 25% of the purchase price, to the vendors and cash in the amount of CAD 45 million from the Corporation’s credit facility. MLT Aikins acted as legal counsel for EIC. EY Orenda Corporate Finance Inc. acted as financial advisor and McDougall Gauley acted as legal counsel to DryAir in connection with the transaction.Exchange Income Corporation (TSX:EIF) completed the acquisition of Dryair Manufacturing Corp. on October 5, 2023.Upcoming Dividend • Sep 21Upcoming dividend of CA$0.21 per share at 5.4% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 13 October 2023. Payout ratio is on the higher end at 89% but the company is not cash flow positive. Trailing yield: 5.4%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.0%).お知らせ • Sep 16Exchange Income Corporation Declares September 2023 Dividend, Payable on October 13, 2023Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.21 per share for the month ended September 30, 2023 payable October 13, 2023 to shareholders of record at the close of business on September 29, 2023.Upcoming Dividend • Aug 23Upcoming dividend of CA$0.21 per share at 5.3% yieldEligible shareholders must have bought the stock before 30 August 2023. Payment date: 15 September 2023. Payout ratio is on the higher end at 89% but the company is not cash flow positive. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.8%).お知らせ • Aug 18Exchange Income Corporation Announces Dividend for August 2023, Payable September 15, 2023Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.21 per share for the month ended August 31, 2023 payable September 15, 2023 to shareholders of record at the close of business on August 31, 2023.Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: CA$0.85 (vs CA$0.76 in 2Q 2022)Second quarter 2023 results: EPS: CA$0.85 (up from CA$0.76 in 2Q 2022). Revenue: CA$627.2m (up 19% from 2Q 2022). Net income: CA$36.9m (up 23% from 2Q 2022). Profit margin: 5.9% (up from 5.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 21Upcoming dividend of CA$0.21 per share at 4.8% yieldEligible shareholders must have bought the stock before 28 July 2023. Payment date: 15 August 2023. Payout ratio is on the higher end at 90% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.6%).お知らせ • Jul 18Exchange Income Corporation Declares Dividends for the Month Ended July 31, 2023 Payable August 15, 2023Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.21 per share for the month ended July 31, 2023 payable August 15, 2023 to shareholders of record at the close of business on July 31, 2023.New Risk • Jul 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding).お知らせ • Jul 07Exchange Income Corporation to Report Q2, 2023 Results on Aug 10, 2023Exchange Income Corporation announced that they will report Q2, 2023 results After-Market on Aug 10, 2023Recent Insider Transactions • Jun 18Independent Director recently bought €2.1m worth of stockOn the 14th of June, Gary Buckley bought around 57k shares on-market at roughly €36.25 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €2.6m more in shares than they have sold in the last 12 months.お知らせ • Jun 17Exchange Income Corporation Declares Dividend for the Month Ended June 30, 2023 , Payable July 14, 2023Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.21 per share for the month ended June 30, 2023 payable July 14, 2023 to shareholders of record at the close of business on June 30, 2023.Buying Opportunity • Jun 17Now 21% undervaluedOver the last 90 days, the stock is up 2.9%. The fair value is estimated to be €44.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings is also forecast to grow by 21% per annum over the same time period.お知らせ • Jun 15Exchange Income Corporation has completed a Follow-on Equity Offering in the amount of CAD 150.21875 million.Exchange Income Corporation has completed a Follow-on Equity Offering in the amount of CAD 150.21875 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 2,875,000 Price\Range: CAD 52.25 Discount Per Security: CAD 2.09Upcoming Dividend • May 23Upcoming dividend of CA$0.21 per share at 4.6% yieldEligible shareholders must have bought the stock before 30 May 2023. Payment date: 15 June 2023. Payout ratio is on the higher end at 90% but the company is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.7%).お知らせ • May 18Exchange Income Corporation Declares Dividend for the Month Ended May 31, 2023, Payable June 15, 2023Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.21 per share for the month ended May 31, 2023 payable June 15, 2023 to shareholders of record at the close of business on May 31, 2023.Board Change • May 18Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Independent Director Bruce William Jack was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • May 10First quarter 2023 earnings released: EPS: CA$0.16 (vs CA$0.097 in 1Q 2022)First quarter 2023 results: EPS: CA$0.16 (up from CA$0.097 in 1Q 2022). Revenue: CA$526.8m (up 32% from 1Q 2022). Net income: CA$6.86m (up 83% from 1Q 2022). Profit margin: 1.3% (up from 0.9% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Feb 25Full year 2022 earnings released: EPS: CA$2.72 (vs CA$1.84 in FY 2021)Full year 2022 results: EPS: CA$2.72 (up from CA$1.84 in FY 2021). Revenue: CA$2.06b (up 46% from FY 2021). Net income: CA$109.7m (up 60% from FY 2021). Profit margin: 5.3% (up from 4.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 8% per year.お知らせ • Feb 18Exchange Income Corporation Announces Dividend for Month Ended February 2023, Payable on March 15, 2023Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.21 per share for the month ended February 28, 2023 payable March 15, 2023 to shareholders of record at the close of business on February 28, 2023.お知らせ • Jan 18+ 1 more updateExchange Income Corporation Announces Dividend for the Month Ended January 31, 2023, Payable on February 15, 2023Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.21 per share for the month ended January 31, 2023 payable February 15, 2023 to shareholders of record at the close of business on January 31, 2023.お知らせ • Dec 17Exchange Income Corporation Announces December 2022 Dividend, Payable January 13, 2023Exchange Income Corporation, announced that the Directors of the Corporation have declared eligible dividends totaling $0.21 per share for the month ended December 31, 2022, payable January 13, 2023 to shareholders of record at the close of business on December 30, 2022.Upcoming Dividend • Nov 22Upcoming dividend of CA$0.21 per shareEligible shareholders must have bought the stock before 29 November 2022. Payment date: 15 December 2022. Payout ratio is on the higher end at 87% but the company is not cash flow positive. Trailing yield: 5.2%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (3.7%).お知らせ • Nov 18Exchange Income Corporation Declares Dividend for the Month Ended November 30, 2022, Payable on December 15, 2022Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.21 per share for the month ended November 30, 2022, payable December 15, 2022 to shareholders of record at the close of business on November 30, 2022.Reported Earnings • Nov 11Third quarter 2022 earnings released: EPS: CA$1.20 (vs CA$0.58 in 3Q 2021)Third quarter 2022 results: EPS: CA$1.20 (up from CA$0.58 in 3Q 2021). Revenue: CA$586.8m (up 47% from 3Q 2021). Net income: CA$48.9m (up 124% from 3Q 2021). Profit margin: 8.3% (up from 5.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year.業績と収益の成長予測DB:0ON - アナリストの将来予測と過去の財務データ ( )CAD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20284,344339398749512/31/20274,0662823597101112/31/20263,795235303603113/31/20263,476188-67691N/A12/31/20253,277168-82648N/A9/30/20253,036144-58508N/A6/30/20252,786131-60448N/A3/31/20252,726124-125395N/A12/31/20242,660121-133357N/A9/30/20242,629122-135386N/A6/30/20242,607116-111379N/A3/31/20242,573120-104415N/A12/31/20232,498122-153353N/A9/30/20232,385120-94353N/A6/30/20232,284120-67341N/A3/31/20232,186113-91299N/A12/31/20222,059110-31335N/A9/30/20221,906106-95244N/A6/30/20221,72079-102238N/A3/31/20221,51365-34242N/A12/31/20211,413696285N/A9/30/20211,3255924270N/A6/30/20211,2225476253N/A3/31/20211,14340132283N/A12/31/20201,15028114260N/A9/30/20201,2114088262N/A6/30/20201,2695243256N/A3/31/20201,35171-6228N/A12/31/20191,34184N/A217N/A9/30/20191,29477N/A252N/A6/30/20191,24772N/A196N/A3/31/20191,23470N/A184N/A12/31/20181,20371N/A165N/A9/30/20181,15269N/A88N/A6/30/20181,09769N/A127N/A3/31/20181,05675N/A134N/A12/31/20171,01372N/A124N/A9/30/201797169N/A140N/A6/30/201794266N/A117N/A3/31/201789657N/A125N/A12/31/201689161N/A137N/A9/30/201689458N/A137N/A6/30/201688253N/A145N/A3/31/201685149N/A106N/A12/31/201580740N/A107N/A9/30/201572213N/A116N/A6/30/20156522N/A105N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 0ONの予測収益成長率 (年間20.6% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: 0ONの収益 ( 20.6% ) はGerman市場 ( 17.1% ) よりも速いペースで成長すると予測されています。高成長収益: 0ONの収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: 0ONの収益 ( 8.3% ) German市場 ( 6.7% ) よりも速いペースで成長すると予測されています。高い収益成長: 0ONの収益 ( 8.3% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 0ONの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YTransportation 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/14 11:52終値2026/06/12 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Exchange Income Corporation 11 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。16 アナリスト機関Christopher MurrayATB CormarkJeffrey FenwickATB CormarkMichael GoldieBMO Capital Markets Equity Research13 その他のアナリストを表示
Board Change • Jun 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 8 highly experienced directors. Director Carmele Peter was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Declared Dividend • May 21Dividend of CA$0.23 announcedShareholders will receive a dividend of CA$0.23. Ex-date: 29th May 2026 Payment date: 15th June 2026 Dividend yield will be 2.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (77% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • May 16Exchange Income Corporation Announces Dividend for the Month Ended May 31, 2026, Payable on June 15, 2026Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.23 per share for the month ended May 31, 2026 payable June 15, 2026 to shareholders of record at the close of business on May 29, 2026.
お知らせ • Apr 17Exchange Income Corporation Announces April 2026 Dividend, Payable on May 15, 2026Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.23 per share for the month ended April 30, 2026 payable May 15, 2026 to shareholders of record at the close of business on April 30, 2026.
お知らせ • Apr 14Exchange Income Corporation to Report Q1, 2026 Results on May 11, 2026Exchange Income Corporation announced that they will report Q1, 2026 results After-Market on May 11, 2026
お知らせ • Mar 17Exchange Income Corporation Declares Dividend for the Month Ended March 31, 2026, Payable on April 15, 2026Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.23 per share for the month ended March 31, 2026 payable April 15, 2026 to shareholders of record at the close of business on March 31, 2026.
お知らせ • Mar 13Exchange Income Corporation announced that it has received CAD 600 million in fundingOn March 13, 2026, Exchange Income Corporation closed the transaction.
お知らせ • Mar 10Exchange Income Corporation, Annual General Meeting, May 12, 2026Exchange Income Corporation, Annual General Meeting, May 12, 2026.
お知らせ • Mar 05Exchange Income Corporation announced that it has received CAD 600 million in fundingExchange Income Corporation announced that it has issued senior unsecured notes for gross proceeds of CAD 600 million in funding on March 4, 2026. The notes are 4.324% senior unsecured notes due March 13, 2031. The closing of the Offering is expected to occur on or about March 13, 2026, subject to customary closing conditions.
お知らせ • Feb 17Exchange Income Corporation Declares Dividend for the Month Ended February 28, 2026, Payable March 13, 2026Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.23 per share for the month ended February 28, 2026 payable March 13, 2026 to shareholders of record at the close of business on February 27, 2026.
お知らせ • Jan 22Exchange Income Corporation to Report Q4, 2025 Results on Feb 24, 2026Exchange Income Corporation announced that they will report Q4, 2025 results After-Market on Feb 24, 2026
お知らせ • Jan 16Exchange Income Corporation Announces January 2026 Dividend, Payable on February 13, 2026Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.23 per share for the month ended January 31, 2026 payable February 13, 2026 to shareholders of record at the close of business on January 30, 2026.
お知らせ • Dec 17Exchange Income Corporation Announces Dividend for Month Ended December 31, 2025, Payable January 15, 2026Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.23 per share for the month ended December 31, 2025, payable January 15, 2026 to shareholders of record at the close of business on December 31, 2025.
お知らせ • Nov 18Exchange Income Corporation Announces Dividend for Month Ended November 30, 2025, Payable December 15, 2025Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.23 per share for the month ended November 30, 2025 payable December 15, 2025 to shareholders of record at the close of business on November 28, 2025.
お知らせ • Oct 17Exchange Income Corporation Announces Dividend for Month Ended October 31, 2025, Payable November 14, 2025Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended October 31, 2025 payable November 14, 2025 to shareholders of record at the close of business on October 31, 2025.
お知らせ • Oct 10Exchange Income Corporation to Report Q3, 2025 Results on Nov 06, 2025Exchange Income Corporation announced that they will report Q3, 2025 results After-Market on Nov 06, 2025
お知らせ • Sep 17Exchange Income Corporation Announces Dividend for the Month Ended September 30, 2025 , Payable on October 15, 2025Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended September 30, 2025 payable October 15, 2025 to shareholders of record at the close of business on September 29, 2025. Eligible shareholders have the opportunity to reinvest their dividends in accordance with the Corporation’s dividend reinvestment and share purchase plan.
お知らせ • Aug 15Exchange Income Corporation Announces Dividend for the Month of August 2025, Payable on September 15, 2025Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended August 31, 2025 payable September 15, 2025 to shareholders of record at the close of business on August 29, 2025.
お知らせ • Jul 17+ 1 more updateExchange Income Corporation Announces Dividend for July 2025, Payable July 31, 2025Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended July 31, 2025 payable August 15, 2025 to shareholders of record at the close of business on July 31, 2025.
お知らせ • Jul 08Exchange Income Corporation to Report Q2, 2025 Results on Aug 11, 2025Exchange Income Corporation announced that they will report Q2, 2025 results After-Market on Aug 11, 2025
お知らせ • Jul 02Exchange Income Corporation (TSX:EIF) completed the acquisition of Bradley Air Services Limited from Makivik Corporation, Air NorTerra Inc., and sellers.Exchange Income Corporation (TSX:EIF) signed a binding purchase agreement to acquire Bradley Air Services Limited from Makivik Corporation, Air NorTerra Inc., and sellers for approximately CAD 210 million on February 24, 2025. A cash consideration of CAD 205 million will be paid by Exchange Income Corporation. The purchase price will be funded through the issuance of CAD 10 million of EIC common and cash in the amount of CAD 195 million from credit facility. The transaction is subject to regulatory approvals and other customary closing conditions. The transaction is expected to close later this year. Torys LLP acted as legal advisor for Exchange Income Corporation. Norton Rose Fulbright Canada LLP acted as legal advisor for Bradley Air Services Limited and Makivik Corporation. Exchange Income Corporation (TSX:EIF) completed the acquisition of Bradley Air Services Limited from Makivik Corporation, Air NorTerra Inc., and sellers on February 24, 2025.
お知らせ • Jun 18Exchange Income Corporation Declares Dividend for the Month Ended June 30, 2025, Payable on July 15, 2025Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended June 30, 2025, payable on July 15, 2025 to shareholders of record at the close of business on June 30, 2025.
お知らせ • May 18Exchange Income Corporation Declares Dividend for the Month Ended May 31, 2025 Payable June 13, 2025Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended May 31, 2025 payable June 13, 2025 to shareholders of record at the close of business on May 30, 2025.
お知らせ • Apr 17Exchange Income Corporation Declares Dividend for the Month Ending April 30, 2025, Payable May 15, 2025Exchange Income Corporation announced that the directors of the corporation have declared eligible dividends totaling $0.22 per share for the month ending April 30, 2025, payable May 15, 2025 to shareholders of record at the close of business on April 30, 2025.
お知らせ • Apr 09Exchange Income Corporation to Report Q1, 2025 Results on May 12, 2025Exchange Income Corporation announced that they will report Q1, 2025 results After-Market on May 12, 2025
お知らせ • Mar 18Exchange Income Corporation Declares Dividend for the Month Ended March 31, 2025; Payable on April 15, 2025Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended March 31, 2025 payable April 15, 2025 to shareholders of record at the close of business on March 31, 2025.
お知らせ • Mar 10Exchange Income Corporation, Annual General Meeting, May 13, 2025Exchange Income Corporation, Annual General Meeting, May 13, 2025.
お知らせ • Feb 25Exchange Income Corporation (TSX:EIF) signed a binding purchase agreement to acquire Bradley Air Services Limited from Makivik Corporation for approximately CAD 210 million.Exchange Income Corporation (TSX:EIF) signed a binding purchase agreement to acquire Bradley Air Services Limited from Makivik Corporation, Air NorTerra Inc., and sellers for approximately CAD 210 million on February 24, 2025. A cash consideration of CAD 205 million will be paid by Exchange Income Corporation. The purchase price will be funded through the issuance of CAD 10 million of EIC common and cash in the amount of CAD 195 million from credit facility. The transaction is subject to regulatory approvals and other customary closing conditions. The transaction is expected to close later this year. Torys LLP acted as legal advisor for Exchange Income Corporation. Norton Rose Fulbright Canada LLP acted as legal advisor for Bradley Air Services Limited and Makivik Corporation.
お知らせ • Feb 15Exchange Income Corporation Declares Dividend for the Month Ended February 28, 2025 Payable on March 14, 2025Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended February 28, 2025 payable on March 14, 2025 to shareholders of record at the close of business on February 28, 2025.
お知らせ • Jan 19Exchange Income Corporation to Report Q4, 2024 Results on Feb 26, 2025Exchange Income Corporation announced that they will report Q4, 2024 results After-Market on Feb 26, 2025
お知らせ • Jan 17Exchange Income Corporation Announces January 2025 Dividend, Payable February 14, 2025Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended January 31, 2025 payable February 14, 2025 to shareholders of record at the close of business on January 31, 2025.
お知らせ • Dec 18Exchange Income Corporation Announces December 2024 Dividend, Payable January 15, 2025Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended December 31, 2024 payable January 15, 2025 to shareholders of record at the close of business on December 31, 2024.
お知らせ • Nov 15Exchange Income Corporation Declares Dividend for the Month Ended November 30, 2024, Payable on December 13, 2024Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended November 30, 2024 payable December 13, 2024 to shareholders of record at the close of business on November 29, 2024.
お知らせ • Nov 14Exchange Income Corporation (TSX:EIF) completed the acquisition of Spartan Mat, LLC.Exchange Income Corporation (TSX:EIF) agreed to acquire Spartan Mat, LLC for $120 million on November 7, 2024. The purchase price will be funded through the issuance of $18 million of EIC common shares to the vendors and cash in the amount of $102 million from the Exchange Income Corporation’s credit facility. The expected completion of the transaction is within a week. Baker & Hostetler LLP acted as legal advisor for Exchange Income Corporation. Osborn Maledon, P.A. acted as legal advisor for Spartan Mat, LLC. Exchange Income Corporation (TSX:EIF) completed the acquisition of Spartan Mat, LLC on November 13, 2024.
Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: CA$1.18 (vs CA$1.06 in 3Q 2023)Third quarter 2024 results: EPS: CA$1.18 (up from CA$1.06 in 3Q 2023). Revenue: CA$709.9m (up 3.2% from 3Q 2023). Net income: CA$55.9m (up 13% from 3Q 2023). Profit margin: 7.9% (up from 7.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 08Exchange Income Corporation (TSX:EIF) agreed to acquire Spartan Mat, LLC for $120 million.Exchange Income Corporation (TSX:EIF) agreed to acquire Spartan Mat, LLC for $120 million on November 7, 2024. The purchase price will be funded through the issuance of $18 million of EIC common shares to the vendors and cash in the amount of $102 million from the Exchange Income Corporation’s credit facility. The expected completion of the transaction is within a week. Baker & Hostetler LLP acted as legal advisor for Exchange Income Corporation. Osborn Maledon, P.A. acted as legal advisor for Spartan Mat, LLC.
Declared Dividend • Oct 21Dividend of CA$0.22 announcedShareholders will receive a dividend of CA$0.22. Ex-date: 31st October 2024 Payment date: 15th November 2024 Dividend yield will be 5.0%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (106% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 17% to bring the payout ratio under control. EPS is expected to grow by 94% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • Oct 17Exchange Income Corporation Declares Dividends for the Month Ended October 31, 2024, Payable on November 15, 2024Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended October 31, 2024, payable on November 15, 2024 to shareholders of record at the close of business on October 31, 2024.
お知らせ • Oct 08Exchange Income Corporation to Report Q3, 2024 Results on Nov 07, 2024Exchange Income Corporation announced that they will report Q3, 2024 results After-Market on Nov 07, 2024
New Risk • Sep 27New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Paying a dividend despite having no free cash flows. Minor Risk Shareholders have been diluted in the past year (2.2% increase in shares outstanding).
Declared Dividend • Sep 20Dividend of CA$0.22 announcedShareholders will receive a dividend of CA$0.22. Ex-date: 27th September 2024 Payment date: 15th October 2024 Dividend yield will be 5.7%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (106% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 17% to bring the payout ratio under control. EPS is expected to grow by 94% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • Sep 17Exchange Income Corporation Declares Dividend for the Month Ended September 30, 2024, Payable October 15, 2024Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended September 30, 2024 payable October 15, 2024 to shareholders of record at the close of business on September 27, 2024.
Declared Dividend • Aug 26Dividend of CA$0.22 announcedShareholders will receive a dividend of CA$0.22. Ex-date: 30th August 2024 Payment date: 13th September 2024 Dividend yield will be 5.8%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (106% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 17% to bring the payout ratio under control. EPS is expected to grow by 94% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • Aug 16Exchange Income Corporation Declares Dividend for the Month Ended August 31, 2024, Payable September 13, 2024Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended August 31, 2024, payable September 13, 2024 to shareholders of record at the close of business on August 30, 2024.
Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: CA$0.69 (vs CA$0.85 in 2Q 2023)Second quarter 2024 results: EPS: CA$0.69 (down from CA$0.85 in 2Q 2023). Revenue: CA$660.6m (up 5.3% from 2Q 2023). Net income: CA$32.6m (down 12% from 2Q 2023). Profit margin: 4.9% (down from 5.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Jul 21Dividend of CA$0.22 announcedShareholders will receive a dividend of CA$0.22. Ex-date: 31st July 2024 Payment date: 15th August 2024 Dividend yield will be 5.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 9.8% to bring the payout ratio under control. EPS is expected to grow by 65% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • Jul 17Exchange Income Corporation Declares Quarterly Dividend for July 2024, Payable on August 15, 2024Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended July 31, 2024 payable August 15, 2024 to shareholders of record at the close of business on July 31, 2024.
お知らせ • Jul 09Exchange Income Corporation to Report Q2, 2024 Results on Aug 08, 2024Exchange Income Corporation announced that they will report Q2, 2024 results After-Market on Aug 08, 2024
New Risk • Jun 30New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Paying a dividend despite having no free cash flows. Minor Risk Shareholders have been diluted in the past year (2.1% increase in shares outstanding).
Declared Dividend • Jun 20Dividend of CA$0.22 announcedShareholders will receive a dividend of CA$0.22. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 6.3%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 9.8% to bring the payout ratio under control. EPS is expected to grow by 65% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • Jun 18Exchange Income Corporation Declares Dividend for the Month Ended June 30, 2024, Payable on July 15, 2024Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended June 30, 2024 payable July 15, 2024 to shareholders of record at the close of business on June 28, 2024.
Declared Dividend • May 27Dividend of CA$0.22 announcedShareholders will receive a dividend of CA$0.22. Ex-date: 31st May 2024 Payment date: 14th June 2024 Dividend yield will be 6.1%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 9.8% to bring the payout ratio under control. EPS is expected to grow by 65% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • May 18Exchange Income Corporation Declares Dividend for the Month Ended May 31, 2024, Payable June 14, 2024Exchange Income Corporation announced that the directors of the corporation have declared eligible dividends totaling $0.22 per share for the month ended May 31, 2024, payable June 14, 2024 to shareholders of record at the close of business on May 31, 2024.
Reported Earnings • May 08First quarter 2024 earnings released: EPS: CA$0.10 (vs CA$0.16 in 1Q 2023)First quarter 2024 results: EPS: CA$0.10 (down from CA$0.16 in 1Q 2023). Revenue: CA$601.8m (up 14% from 1Q 2023). Net income: CA$4.53m (down 34% from 1Q 2023). Profit margin: 0.8% (down from 1.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Apr 23Dividend of CA$0.22 announcedShareholders will receive a dividend of CA$0.22. Ex-date: 29th April 2024 Payment date: 15th May 2024 Dividend yield will be 5.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 3.8% to bring the payout ratio under control. EPS is expected to grow by 34% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • Apr 17Exchange Income Corporation Declares Dividend for the Month Ending April 30, 2024 Payable on May 15, 2024Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended April 30, 2024 payable May 15, 2024 to shareholders of record at the close of business on April 30, 2024.
お知らせ • Apr 11Exchange Income Corporation to Report Q1, 2024 Results on May 07, 2024Exchange Income Corporation announced that they will report Q1, 2024 results After-Market on May 07, 2024
Declared Dividend • Mar 25Dividend of CA$0.22 announcedShareholders will receive a dividend of CA$0.22. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 5.5%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 3.8% to bring the payout ratio under control. EPS is expected to grow by 33% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • Mar 15Exchange Income Corporation Declares Dividend for the Month Ending March 31, 2024 Payable on April 15, 2024Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended March 31, 2024 payable April 15, 2024 to shareholders of record at the close of business on March 29, 2024.
お知らせ • Mar 02Exchange Income Corporation, Annual General Meeting, May 08, 2024Exchange Income Corporation, Annual General Meeting, May 08, 2024.
Reported Earnings • Feb 23Full year 2023 earnings released: EPS: CA$2.72 (vs CA$2.72 in FY 2022)Full year 2023 results: EPS: CA$2.72 (up from CA$2.72 in FY 2022). Revenue: CA$2.50b (up 21% from FY 2022). Net income: CA$122.3m (up 12% from FY 2022). Profit margin: 4.9% (down from 5.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Feb 22Dividend of CA$0.22 announcedShareholders will receive a dividend of CA$0.22. Ex-date: 28th February 2024 Payment date: 15th March 2024 Dividend yield will be 5.8%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 2.0% to bring the payout ratio under control. EPS is expected to grow by 30% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • Feb 16Exchange Income Corporation Declares Dividend for the Month Ending February 29, 2024, Payable on March 15, 2024Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended February 29, 2024 payable March 15, 2024 to shareholders of record at the close of business on February 29, 2024.
Upcoming Dividend • Jan 23Upcoming dividend of CA$0.22 per share at 5.8% yieldEligible shareholders must have bought the stock before 30 January 2024. Payment date: 15 February 2024. Payout ratio is on the higher end at 92% but the company is not cash flow positive. Trailing yield: 5.8%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (2.6%).
お知らせ • Jan 19Exchange Income Corporation to Report Q4, 2023 Results on Feb 22, 2024Exchange Income Corporation announced that they will report Q4, 2023 results After-Market on Feb 22, 2024
お知らせ • Jan 17Exchange Income Corporation Declares Dividend for the Month Ending January 31, 2024, Payable on February 15, 2024Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended January 31, 2024 payable February 15, 2024 to shareholders of record at the close of business on January 31, 2024.
お知らせ • Dec 15Exchange Income Corporation Announces December 2023 Dividend, Payable on January 15, 2024Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ended December 31, 2023 payable January 15, 2024 to shareholders of record at the close of business on December 29, 2023.
お知らせ • Nov 18Exchange Income Corporation Declares Dividend for the Month Ending November 30, 2023, Payable on December 15, 2023Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.22 per share for the month ending November 30, 2023, payable December 15, 2023 to shareholders of record at the close of business on November 30, 2023.
Reported Earnings • Nov 12Third quarter 2023 earnings released: EPS: CA$1.06 (vs CA$1.20 in 3Q 2022)Third quarter 2023 results: EPS: CA$1.06. Revenue: CA$687.7m (up 17% from 3Q 2022). Net income: CA$49.5m (up 1.2% from 3Q 2022). Profit margin: 7.2% (down from 8.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Airlines industry in Europe.
お知らせ • Nov 11Exchange Income Corporation Provides Dividend Guidance for the Year 2023Exchange Income Corporation provided dividend guidance for the year 2023. The company announced that based on its underlying operating fundamentals and strong outlook the company increasing its annual dividend by 5%. This will increase its annual dividend from $2.52 per share to $2.64 per share effective with the November 2023 dividend.
Upcoming Dividend • Oct 23Upcoming dividend of CA$0.21 per share at 5.8% yieldEligible shareholders must have bought the stock before 30 October 2023. Payment date: 15 November 2023. Payout ratio is on the higher end at 89% but the company is not cash flow positive. Trailing yield: 5.8%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (3.4%).
お知らせ • Oct 18Exchange Income Corporation Announces Dividend October 2023, Payable November 15, 2023Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.21 per share for the month ended October 31, 2023 payable November 15, 2023 to shareholders of record at the close of business on October 31, 2023.
お知らせ • Oct 13Exchange Income Corporation to Report Q3, 2023 Results on Nov 09, 2023Exchange Income Corporation announced that they will report Q3, 2023 results After-Market on Nov 09, 2023
お知らせ • Oct 06Exchange Income Corporation (TSX:EIF) acquired Dryair Manufacturing Corp. for CAD 60 million.Exchange Income Corporation (TSX:EIF) acquired Dryair Manufacturing Corp. for CAD 60 million on October 5, 2023. The purchase price was funded by the issuance of CAD 15 million of EIC common shares, equivalent to 25% of the purchase price, to the vendors and cash in the amount of CAD 45 million from the Corporation’s credit facility. MLT Aikins acted as legal counsel for EIC. EY Orenda Corporate Finance Inc. acted as financial advisor and McDougall Gauley acted as legal counsel to DryAir in connection with the transaction.Exchange Income Corporation (TSX:EIF) completed the acquisition of Dryair Manufacturing Corp. on October 5, 2023.
Upcoming Dividend • Sep 21Upcoming dividend of CA$0.21 per share at 5.4% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 13 October 2023. Payout ratio is on the higher end at 89% but the company is not cash flow positive. Trailing yield: 5.4%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.0%).
お知らせ • Sep 16Exchange Income Corporation Declares September 2023 Dividend, Payable on October 13, 2023Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.21 per share for the month ended September 30, 2023 payable October 13, 2023 to shareholders of record at the close of business on September 29, 2023.
Upcoming Dividend • Aug 23Upcoming dividend of CA$0.21 per share at 5.3% yieldEligible shareholders must have bought the stock before 30 August 2023. Payment date: 15 September 2023. Payout ratio is on the higher end at 89% but the company is not cash flow positive. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.8%).
お知らせ • Aug 18Exchange Income Corporation Announces Dividend for August 2023, Payable September 15, 2023Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.21 per share for the month ended August 31, 2023 payable September 15, 2023 to shareholders of record at the close of business on August 31, 2023.
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: CA$0.85 (vs CA$0.76 in 2Q 2022)Second quarter 2023 results: EPS: CA$0.85 (up from CA$0.76 in 2Q 2022). Revenue: CA$627.2m (up 19% from 2Q 2022). Net income: CA$36.9m (up 23% from 2Q 2022). Profit margin: 5.9% (up from 5.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 21Upcoming dividend of CA$0.21 per share at 4.8% yieldEligible shareholders must have bought the stock before 28 July 2023. Payment date: 15 August 2023. Payout ratio is on the higher end at 90% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.6%).
お知らせ • Jul 18Exchange Income Corporation Declares Dividends for the Month Ended July 31, 2023 Payable August 15, 2023Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.21 per share for the month ended July 31, 2023 payable August 15, 2023 to shareholders of record at the close of business on July 31, 2023.
New Risk • Jul 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding).
お知らせ • Jul 07Exchange Income Corporation to Report Q2, 2023 Results on Aug 10, 2023Exchange Income Corporation announced that they will report Q2, 2023 results After-Market on Aug 10, 2023
Recent Insider Transactions • Jun 18Independent Director recently bought €2.1m worth of stockOn the 14th of June, Gary Buckley bought around 57k shares on-market at roughly €36.25 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €2.6m more in shares than they have sold in the last 12 months.
お知らせ • Jun 17Exchange Income Corporation Declares Dividend for the Month Ended June 30, 2023 , Payable July 14, 2023Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.21 per share for the month ended June 30, 2023 payable July 14, 2023 to shareholders of record at the close of business on June 30, 2023.
Buying Opportunity • Jun 17Now 21% undervaluedOver the last 90 days, the stock is up 2.9%. The fair value is estimated to be €44.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings is also forecast to grow by 21% per annum over the same time period.
お知らせ • Jun 15Exchange Income Corporation has completed a Follow-on Equity Offering in the amount of CAD 150.21875 million.Exchange Income Corporation has completed a Follow-on Equity Offering in the amount of CAD 150.21875 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 2,875,000 Price\Range: CAD 52.25 Discount Per Security: CAD 2.09
Upcoming Dividend • May 23Upcoming dividend of CA$0.21 per share at 4.6% yieldEligible shareholders must have bought the stock before 30 May 2023. Payment date: 15 June 2023. Payout ratio is on the higher end at 90% but the company is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.7%).
お知らせ • May 18Exchange Income Corporation Declares Dividend for the Month Ended May 31, 2023, Payable June 15, 2023Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.21 per share for the month ended May 31, 2023 payable June 15, 2023 to shareholders of record at the close of business on May 31, 2023.
Board Change • May 18Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Independent Director Bruce William Jack was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 10First quarter 2023 earnings released: EPS: CA$0.16 (vs CA$0.097 in 1Q 2022)First quarter 2023 results: EPS: CA$0.16 (up from CA$0.097 in 1Q 2022). Revenue: CA$526.8m (up 32% from 1Q 2022). Net income: CA$6.86m (up 83% from 1Q 2022). Profit margin: 1.3% (up from 0.9% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Feb 25Full year 2022 earnings released: EPS: CA$2.72 (vs CA$1.84 in FY 2021)Full year 2022 results: EPS: CA$2.72 (up from CA$1.84 in FY 2021). Revenue: CA$2.06b (up 46% from FY 2021). Net income: CA$109.7m (up 60% from FY 2021). Profit margin: 5.3% (up from 4.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 8% per year.
お知らせ • Feb 18Exchange Income Corporation Announces Dividend for Month Ended February 2023, Payable on March 15, 2023Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.21 per share for the month ended February 28, 2023 payable March 15, 2023 to shareholders of record at the close of business on February 28, 2023.
お知らせ • Jan 18+ 1 more updateExchange Income Corporation Announces Dividend for the Month Ended January 31, 2023, Payable on February 15, 2023Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.21 per share for the month ended January 31, 2023 payable February 15, 2023 to shareholders of record at the close of business on January 31, 2023.
お知らせ • Dec 17Exchange Income Corporation Announces December 2022 Dividend, Payable January 13, 2023Exchange Income Corporation, announced that the Directors of the Corporation have declared eligible dividends totaling $0.21 per share for the month ended December 31, 2022, payable January 13, 2023 to shareholders of record at the close of business on December 30, 2022.
Upcoming Dividend • Nov 22Upcoming dividend of CA$0.21 per shareEligible shareholders must have bought the stock before 29 November 2022. Payment date: 15 December 2022. Payout ratio is on the higher end at 87% but the company is not cash flow positive. Trailing yield: 5.2%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (3.7%).
お知らせ • Nov 18Exchange Income Corporation Declares Dividend for the Month Ended November 30, 2022, Payable on December 15, 2022Exchange Income Corporation announced that the Directors of the Corporation have declared eligible dividends totaling $0.21 per share for the month ended November 30, 2022, payable December 15, 2022 to shareholders of record at the close of business on November 30, 2022.
Reported Earnings • Nov 11Third quarter 2022 earnings released: EPS: CA$1.20 (vs CA$0.58 in 3Q 2021)Third quarter 2022 results: EPS: CA$1.20 (up from CA$0.58 in 3Q 2021). Revenue: CA$586.8m (up 47% from 3Q 2021). Net income: CA$48.9m (up 124% from 3Q 2021). Profit margin: 8.3% (up from 5.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year.