Please comment on the latest Q from Exchange Income Corp. It is at an all time high and pays a 4.9% dividend.
EPS of 98c beat estimates of 66c. Revenue of $529M beat estimates by 14%. EBITDA rose 42% and beat estimates by 12%. Sales rose 64%. Payout ratio improved to 56% from 58%. The quarter was a record, which is impressive considering the end of government subsidies and inflationary pressures. The CEO noted the future 'looks bright'. The dividend (annual) rate was increased to $2.52 from $2.40. Things are looking good here. (5iResearch)