Cash Dividend On The Way From Exchange Income (EIF)

On 2/26/14, Exchange Income Corp (TSX: EIF.TO) will trade ex-dividend, for its monthly dividend of $0.14, payable on 3/14/14. As a percentage of EIF's recent stock price of $22.74, this dividend works out to approximately 0.62%, so look for shares of Exchange Income Corp to trade 0.62% lower — all else being equal — when EIF shares open for trading on 2/26/14.

Below is a dividend history chart for EIF, showing historical dividends prior to the most recent $0.14 declared by Exchange Income Corp:

EIF+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from EIF is likely to continue, and whether the current estimated yield of 7.39% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of EIF shares, versus its 200 day moving average:

Exchange Income Corp 200 Day Moving Average Chart

Looking at the chart above, EIF's low point in its 52 week range is $16.75 per share, with $29.11 as the 52 week high point — that compares with a last trade of $22.50.

In Monday trading, Exchange Income Corp shares are currently up about 0.4% on the day.

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