Latest news with #ExchangeIncomeCorporation
Yahoo
26-05-2025
- Business
- Yahoo
Exchange Income (TSE:EIF) Will Pay A Dividend Of CA$0.22
The board of Exchange Income Corporation (TSE:EIF) has announced that it will pay a dividend of CA$0.22 per share on the 13th of June. This makes the dividend yield 4.6%, which will augment investor returns quite nicely. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Impressive dividend yields are good, but this doesn't matter much if the payments can't be sustained. Before this announcement, Exchange Income was paying out 103% of what it was earning, and not generating any free cash flows either. Paying out such a large dividend compared to earnings while also not generating free cash flows is a major warning sign for the sustainability of the dividend as these levels are certainly a bit high. Over the next year, EPS is forecast to expand by 64.0%. Assuming the dividend continues along the course it has been charting recently, our estimates show the payout ratio being 69% which brings it into quite a comfortable range. See our latest analysis for Exchange Income Even over a long history of paying dividends, the company's distributions have been remarkably stable. The annual payment during the last 10 years was CA$1.68 in 2015, and the most recent fiscal year payment was CA$2.64. This works out to be a compound annual growth rate (CAGR) of approximately 4.6% a year over that time. Although we can't deny that the dividend has been remarkably stable in the past, the growth has been pretty muted. Investors who have held shares in the company for the past few years will be happy with the dividend income they have received. Earnings has been rising at 2.5% per annum over the last five years, which admittedly is a bit slow. The earnings growth is anaemic, and the company is paying out 103% of its profit. This gives limited room for the company to raise the dividend in the future. Overall, it's nice to see a consistent dividend payment, but we think that longer term, the current level of payment might be unsustainable. Although they have been consistent in the past, we think the payments are a little high to be sustained. We would probably look elsewhere for an income investment. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. For example, we've picked out 2 warning signs for Exchange Income that investors should know about before committing capital to this stock. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
20-05-2025
- Business
- Yahoo
TSX Value Picks Including Exchange Income And 2 Stocks Priced Below Estimated Worth
The Canadian stock market has recently reached new all-time highs, showcasing resilience amid global economic uncertainties and policy shifts. In this environment, identifying undervalued stocks can be a prudent strategy for investors seeking to capitalize on potential growth opportunities; focusing on companies with strong fundamentals and attractive valuations is essential in navigating the current market landscape. Name Current Price Fair Value (Est) Discount (Est) Whitecap Resources (TSX:WCP) CA$8.58 CA$14.08 39% Docebo (TSX:DCBO) CA$37.32 CA$59.09 36.8% Groupe Dynamite (TSX:GRGD) CA$15.20 CA$28.17 46% Aris Mining (TSX:ARIS) CA$7.89 CA$13.07 39.6% VersaBank (TSX:VBNK) CA$15.66 CA$30.59 48.8% Currency Exchange International (TSX:CXI) CA$20.35 CA$35.07 42% Journey Energy (TSX:JOY) CA$1.58 CA$3.03 47.8% TerraVest Industries (TSX:TVK) CA$170.17 CA$274.22 37.9% Laurentian Bank of Canada (TSX:LB) CA$27.77 CA$43.32 35.9% Aya Gold & Silver (TSX:AYA) CA$10.35 CA$20.50 49.5% Click here to see the full list of 25 stocks from our Undervalued TSX Stocks Based On Cash Flows screener. We'll examine a selection from our screener results. Overview: Exchange Income Corporation operates in aerospace and aviation services and equipment, as well as manufacturing businesses globally, with a market cap of CA$2.99 billion. Operations: The company's revenue segments include CA$1.07 billion from manufacturing and CA$1.66 billion from aerospace and aviation services and equipment. Estimated Discount To Fair Value: 18.8% Exchange Income Corporation's recent financial results show a robust increase in revenue and net income, with sales rising to C$668.28 million for Q1 2025. The company has expanded its credit facility to C$3 billion, enhancing its liquidity position. Although the dividend yield of 4.54% is not well covered by earnings, the stock trades at C$58.18, below its estimated fair value of C$71.64, suggesting it could be undervalued based on cash flows despite some financial constraints. Our comprehensive growth report raises the possibility that Exchange Income is poised for substantial financial growth. Click to explore a detailed breakdown of our findings in Exchange Income's balance sheet health report. Overview: Laurentian Bank of Canada, along with its subsidiaries, offers a range of financial services to personal, business, and institutional clients across Canada and the United States, with a market cap of CA$1.23 billion. Operations: The bank generates revenue from its Capital Markets segment, amounting to CA$949.68 million. Estimated Discount To Fair Value: 35.9% Laurentian Bank of Canada is trading at CA$27.77, significantly below its estimated fair value of CA$43.32, highlighting potential undervaluation based on cash flows. Despite a forecasted revenue growth rate of 3.6% annually, which surpasses the Canadian market average, its dividend yield of 6.77% raises sustainability concerns as it isn't well covered by earnings. Recent financials show modest net income growth to CA$38.6 million for Q1 2025, indicating stable performance amidst shareholder activism challenges. The analysis detailed in our Laurentian Bank of Canada growth report hints at robust future financial performance. Dive into the specifics of Laurentian Bank of Canada here with our thorough financial health report. Overview: TerraVest Industries Inc. manufactures and sells goods and services across various sectors including agriculture, mining, energy, and more in Canada, the United States, and internationally with a market cap of CA$3.32 billion. Operations: The company's revenue segments include Service (CA$216.52 million), Processing Equipment (CA$104.18 million), Compressed Gas Equipment (CA$336.15 million), and HVAC and Containment Equipment (CA$363.00 million). Estimated Discount To Fair Value: 37.9% TerraVest Industries is trading at CA$170.17, significantly below its estimated fair value of CA$274.22, suggesting undervaluation based on cash flows. Its earnings are forecast to grow 22.81% annually, outpacing the Canadian market's growth rate of 12%. Recent financials reported a substantial revenue increase to CA$311.45 million for Q2 2025, with net income rising to CA$28.19 million from the previous year despite debt concerns related to operating cash flow coverage. Our growth report here indicates TerraVest Industries may be poised for an improving outlook. Delve into the full analysis health report here for a deeper understanding of TerraVest Industries. Click through to start exploring the rest of the 22 Undervalued TSX Stocks Based On Cash Flows now. Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance. Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TSX:EIF TSX:LB and TSX:TVK. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
TSX Value Picks Including Exchange Income And 2 Stocks Priced Below Estimated Worth
The Canadian stock market has recently reached new all-time highs, showcasing resilience amid global economic uncertainties and policy shifts. In this environment, identifying undervalued stocks can be a prudent strategy for investors seeking to capitalize on potential growth opportunities; focusing on companies with strong fundamentals and attractive valuations is essential in navigating the current market landscape. Name Current Price Fair Value (Est) Discount (Est) Whitecap Resources (TSX:WCP) CA$8.58 CA$14.08 39% Docebo (TSX:DCBO) CA$37.32 CA$59.09 36.8% Groupe Dynamite (TSX:GRGD) CA$15.20 CA$28.17 46% Aris Mining (TSX:ARIS) CA$7.89 CA$13.07 39.6% VersaBank (TSX:VBNK) CA$15.66 CA$30.59 48.8% Currency Exchange International (TSX:CXI) CA$20.35 CA$35.07 42% Journey Energy (TSX:JOY) CA$1.58 CA$3.03 47.8% TerraVest Industries (TSX:TVK) CA$170.17 CA$274.22 37.9% Laurentian Bank of Canada (TSX:LB) CA$27.77 CA$43.32 35.9% Aya Gold & Silver (TSX:AYA) CA$10.35 CA$20.50 49.5% Click here to see the full list of 25 stocks from our Undervalued TSX Stocks Based On Cash Flows screener. We'll examine a selection from our screener results. Overview: Exchange Income Corporation operates in aerospace and aviation services and equipment, as well as manufacturing businesses globally, with a market cap of CA$2.99 billion. Operations: The company's revenue segments include CA$1.07 billion from manufacturing and CA$1.66 billion from aerospace and aviation services and equipment. Estimated Discount To Fair Value: 18.8% Exchange Income Corporation's recent financial results show a robust increase in revenue and net income, with sales rising to C$668.28 million for Q1 2025. The company has expanded its credit facility to C$3 billion, enhancing its liquidity position. Although the dividend yield of 4.54% is not well covered by earnings, the stock trades at C$58.18, below its estimated fair value of C$71.64, suggesting it could be undervalued based on cash flows despite some financial constraints. Our comprehensive growth report raises the possibility that Exchange Income is poised for substantial financial growth. Click to explore a detailed breakdown of our findings in Exchange Income's balance sheet health report. Overview: Laurentian Bank of Canada, along with its subsidiaries, offers a range of financial services to personal, business, and institutional clients across Canada and the United States, with a market cap of CA$1.23 billion. Operations: The bank generates revenue from its Capital Markets segment, amounting to CA$949.68 million. Estimated Discount To Fair Value: 35.9% Laurentian Bank of Canada is trading at CA$27.77, significantly below its estimated fair value of CA$43.32, highlighting potential undervaluation based on cash flows. Despite a forecasted revenue growth rate of 3.6% annually, which surpasses the Canadian market average, its dividend yield of 6.77% raises sustainability concerns as it isn't well covered by earnings. Recent financials show modest net income growth to CA$38.6 million for Q1 2025, indicating stable performance amidst shareholder activism challenges. The analysis detailed in our Laurentian Bank of Canada growth report hints at robust future financial performance. Dive into the specifics of Laurentian Bank of Canada here with our thorough financial health report. Overview: TerraVest Industries Inc. manufactures and sells goods and services across various sectors including agriculture, mining, energy, and more in Canada, the United States, and internationally with a market cap of CA$3.32 billion. Operations: The company's revenue segments include Service (CA$216.52 million), Processing Equipment (CA$104.18 million), Compressed Gas Equipment (CA$336.15 million), and HVAC and Containment Equipment (CA$363.00 million). Estimated Discount To Fair Value: 37.9% TerraVest Industries is trading at CA$170.17, significantly below its estimated fair value of CA$274.22, suggesting undervaluation based on cash flows. Its earnings are forecast to grow 22.81% annually, outpacing the Canadian market's growth rate of 12%. Recent financials reported a substantial revenue increase to CA$311.45 million for Q2 2025, with net income rising to CA$28.19 million from the previous year despite debt concerns related to operating cash flow coverage. Our growth report here indicates TerraVest Industries may be poised for an improving outlook. Delve into the full analysis health report here for a deeper understanding of TerraVest Industries. Click through to start exploring the rest of the 22 Undervalued TSX Stocks Based On Cash Flows now. Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance. Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TSX:EIF TSX:LB and TSX:TVK. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Business Wire
16-05-2025
- Business
- Business Wire
Exchange Income Corporation Announces May 2025 Dividend
WINNIPEG, Manitoba--(BUSINESS WIRE)--Exchange Income Corporation (TSX: EIF) (the 'Corporation'), a diversified, acquisition-oriented company focused on opportunities in the Aerospace & Aviation and Manufacturing segments, announced today 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. Eligible shareholders have the opportunity to reinvest their dividends in accordance with the Corporation's dividend reinvestment and share purchase plan. Additional details can be found in the investor information section of the Corporation's website, The dividend is designated as an 'eligible' dividend under the Income Tax Act (Canada) and any corresponding provincial legislation. Under this legislation, individuals resident in Canada may be entitled to enhanced dividend tax credits which reduce income tax otherwise payable. About Exchange Income Corporation Exchange Income Corporation is a diversified acquisition-oriented company, focused in two segments: aerospace & aviation and manufacturing. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth. For more information on the Corporation, please visit Additional information relating to the Corporation, including all public filings, is available on SEDAR+ ( The statements contained in this news release that are forward-looking are based on current expectations and are subject to a number of uncertainties and risks, and actual results may differ materially. Many of these forward-looking statements may be identified by looking for words such as 'believes', 'expects', 'will', 'may', 'intends', 'projects', 'anticipates', 'plans', 'estimates', 'continues' and similar words or the negative thereof. These uncertainties and risks include, but are not limited to, external risks, operational risks, financial risks and human capital risks. External risks include, but are not limited to, risks associated with economic and geopolitical conditions, competition, government funding for Indigenous health care, access to capital, market trends and innovation, general uninsured loss, climate, acts of terrorism, armed conflict, labour and/or social unrest, pandemic, level and timing of government spending, government-funded programs and environmental, social and governance. Operational risks include, but are not limited to, significant contracts and customers, operational performance and growth, laws, regulations and standards, acquisitions (including receiving any requisite regulatory approvals thereof), concentration and diversification, maintenance costs, access to parts and relationships with key suppliers, casualty losses, environmental liability, dependence on information systems and technology, cybersecurity, international operations, fluctuations in sales prices of aviation related assets, fluctuations in purchase prices of aviation related assets, warranty, performance guarantees, global offset and intellectual property risks. Financial risks include, but are not limited to, availability of future financing, income tax matters, commodity risk, foreign exchange, interest rates, credit facility and the trust indentures, dividends, unpredictability and volatility of securities pricing, dilution and other credit risk. Human capital risks include, but are not limited to, reliance on key personnel, employees and labour relations and conflicts of interest. Except as required by Canadian Securities Law, Exchange Income Corporation does not undertake to update any forward-looking statements; such statements speak only as of the date made. Further information about these and other risks and uncertainties can be found in the disclosure documents filed by Exchange Income Corporation with the securities regulatory authorities, available at
Globe and Mail
15-05-2025
- Business
- Globe and Mail
Exchange Income Corporation Announces Voting Results for its 2025 Annual General Meeting of Shareholders
Exchange Income Corporation (TSX: EIF) (the 'Corporation'), a diversified, acquisition-oriented company focused on opportunities in the Aerospace & Aviation and Manufacturing segments, announced today the voting results on the election of directors from its 2025 Annual General Meeting of Shareholders ("AGM"). A total of 16,410,022 common shares representing 31.97% of the Corporation's 51,323,387 issued and outstanding common shares were voted in connection with the AGM. Shareholders approved all items of business before the AGM, including the election of directors as follows: Nominees Votes in Favour % For Votes Against % Against Total Brad Bennett 15,931,947 97.09% 478,075 2.91% 16,410,022 Gary Buckley 15,917,034 97.00% 492,988 3.00% 16,410,022 Polly Craik 16,327,097 99.49% 82,925 0.51% 16,410,022 Barb Gamey 16,341,518 99.58% 68,504 0.42% 16,410,022 Bruce Jack 15,951,562 97.21% 458,460 2.79% 16,410,022 Duncan Jessiman 15,035,586 91.62% 1,374,436 8.38% 16,410,022 Carmele Peter 15,970,120 97.32% 439,902 2.68% 16,410,022 Michael Pyle 15,981,967 97.39% 428,055 2.61% 16,410,022 Melissa Sonberg 14,994,736 91.38% 1,415,286 8.62% 16,410,022 Donald Streuber 15,908,038 96.94% 501,984 3.06% 16,410,022 Edward Warkentin 15,903,368 96.91% 506,654 3.09% 16,410,022 At the meeting, shareholders also voted in favour of the reappointment of PricewaterhouseCoopers LLP as the auditor of the Corporation until the close of the next annual meeting of shareholders; and the approval, on an advisory basis, of the Corporation's approach to executive compensation. About Exchange Income Corporation Exchange Income Corporation is a diversified acquisition-oriented company, focused in two segments: aerospace & aviation and manufacturing. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth. For more information on the Corporation, please visit Additional information relating to the Corporation, including all public filings, is available on SEDAR+ ( Caution concerning forward-looking statements The statements contained in this news release that are forward-looking are based on current expectations and are subject to a number of uncertainties and risks, and actual results may differ materially. Many of these forward-looking statements may be identified by looking for words such as 'believes', 'expects', 'will', 'may', 'intends', 'projects', 'anticipates', 'plans', 'estimates', 'continues' and similar words or the negative thereof. These uncertainties and risks include, but are not limited to, external risks, operational risks, financial risks and human capital risks. External risks include, but are not limited to, risks associated with economic and geopolitical conditions, competition, government funding for Indigenous health care, access to capital, market trends and innovation, general uninsured loss, climate, acts of terrorism, armed conflict, labour and/or social unrest, pandemic, level and timing of government spending, government-funded programs and environmental, social and governance. Operational risks include, but are not limited to, significant contracts and customers, operational performance and growth, laws, regulations and standards, acquisitions (including receiving any requisite regulatory approvals thereof), concentration and diversification, maintenance costs, access to parts and relationships with key suppliers, casualty losses, environmental liability, dependence on information systems and technology, cybersecurity, international operations, fluctuations in sales prices of aviation related assets, fluctuations in purchase prices of aviation related assets, warranty, performance guarantees, global offset and intellectual property risks. Financial risks include, but are not limited to, availability of future financing, income tax matters, commodity risk, foreign exchange, interest rates, credit facility and the trust indentures, dividends, unpredictability and volatility of securities pricing, dilution and other credit risk. Human capital risks include, but are not limited to, reliance on key personnel, employees and labour relations and conflicts of interest.
