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Exchange Income Corp T.EIF

Alternate Symbol(s):  EIFZF | T.EIF.DB.J | T.EIF.DB.L | T.EIF.DB.M | T.EIF.DB.K

Exchange Income Corporation is a Canada-based diversified acquisition-oriented company. The Company operates through two segments: Aerospace & Aviation and Manufacturing. The Aerospace & Aviation segment is comprised of three lines of business: Essential Air Services, Aerospace, and Aircraft Sales & Leasing. Its Essential Air Services includes both fixed wing and rotary wing operations. Aerospace includes its vertically integrated aerospace offerings that provide customized and integrated special mission aircraft solutions primarily to governments across the globe. Aircraft Sales & Leasing includes aftermarket aircraft, engine and parts sales and aircraft and engine leasing, along with aircraft management services. The Manufacturing segment is comprised of three lines of business: Environmental Access Solutions, Multi-Storey Window Solutions and Precision Manufacturing & Engineering. The Company also focuses on portable hydronic (glycol-based) climate-controlled equipment.


TSX:EIF - Post by User

Bullboard Posts
Comment by bek816on Nov 22, 2017 5:00pm
129 Views
Post# 27014850

RE:Research Report Nov 14th

RE:Research Report Nov 14thVery nice.  I especially like this bit:

EIF has increased the dividend 4 times in the last 3 years at an average annual rate of 7.7%. The company reported a payout ratio of 45% of free cash flow and 63% of adjusted earnings in Q3. The payout ratio for the first 9 months of the year was 76% of free cash flow which is above the company’s 70% target. On the conference call, management was confident that the payout ratio would continue to decline through the balance of the year. They expect to increase the dividend again once the payout ratio falls below the 70% target. 

Bullboard Posts