Latest news with #ExchangeIncomeCorporation
Yahoo
a day ago
- Business
- Yahoo
The 4% Monthly Dividend That Beats Any Savings Account
Written by Demetris Afxentiou at The Motley Fool Canada One of the best things about investing, in my opinion, is earning a dividend. That payment, when reinvested, can turbo-charge any portfolio over the longer term. It can also provide a juicy recurring income that beats any savings account, provided the right investment is picked. And that right investment to consider today, which handily beats any savings account, is a monthly dividend payer called Exchange Income Corporation (TSX:EIF). Meet Exchange For those unfamiliar with the company, Winnipeg-based Exchange is an acquisition-focused company. Exchange operates over a dozen subsidiaries, which are broadly grouped into two areas comprising aviation and manufacturing. The aviation segment provides unique yet necessary services, including passenger and cargo air services to Canada's remote northern regions. That uniqueness extends to the company also operating the largest flight school in Canada. Turning to the manufacturing segment, the company continues to benefit from unique niches. Examples from that segment include cell tower fabrication services and custom manufacturing services for the defence sector. Across both classes, Exchange provides products and services that are in demand, serve a niche of the market, and have little or no competition. Perhaps more importantly, each of those subsidiaries generates cash for the company. And it's that cash which allows Exchange to continue investing in additional acquisitions and pay out a handsome monthly dividend that beats any savings account. Turning to results, Exchange isn't due to report on the next quarter for a few more weeks. Until then, we can turn back to the first fiscal report released back in May. In that quarter, Exchange reported record first-quarter revenue of $668 million. This represents a whopping 11% increase over the prior period. The company also reported free-cash flow of $81 million, reflecting a staggering 32% increase over the prior period. And Exchange continues to grow. The company announced the acquisition of Newfoundland Helicopters during the quarter and is seeking regulatory approval for acquiring Canadian North Airlines. In other words, Exchange continues to perform well and expand. But what about that dividend income, which beats any savings account? Exchange's monthly dividend is a real gem One of the main reasons why investors continue to flock to Exchange is for the monthly dividend the company offers. As of the time of writing, Exchange boasts an impressive 4.2% yield. This means that investors who drop $25,000 into the stock can expect to generate an income of just over $1,000, or $83 per month. Add that investment into your TFSA, and it suddenly becomes tax-free. Keep in mind that investors who aren't ready to draw on that income can choose to reinvest it. This allows any eventual income to continue growing on autopilot thanks to the magic of compounding. That handily beats any savings account return. Even better, that's not even the best part. Exchange continues to see strong growth. The stock surged a whopping 37% over the trailing 12-month period. Furthermore, Exchange continues to provide near-annual bumps to that dividend. In fact, over the past two decades, Exchange has hiked that monthly dividend 17 times. Exchange beats any savings account. But will you buy? No stock is truly without some risk. Even Exchange, with its portfolio of subsidiaries, carries some risk. That's why the importance of diversifying cannot be stated enough. Fortunately, Exchange's diversified business mix minimizes that risk while providing a juicy monthly dividend that beats any savings account. In my opinion, Exchange is a great option for long-term investors to consider adding to any well-diversified portfolio. Buy it, hold it, and watch your future income grow. The post The 4% Monthly Dividend That Beats Any Savings Account appeared first on The Motley Fool Canada. More reading 10 Stocks Every Canadian Should Own in 2025 [PREMIUM PICKS] Market Volatility Toolkit A Commonsense Cash Back Credit Card We Love Fool contributor Demetris Afxentiou has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025
National Post
3 days ago
- Business
- National Post
Exchange Income Corporation Announces July 2025 Dividend
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+ ( ). Article content 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.
Business Wire
3 days ago
- Business
- Business Wire
Exchange Income Corporation Announces July 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 July 31, 2025 payable August 15, 2025 to shareholders of record at the close of business on July 31, 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+ ( 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. 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
Business Wire
07-07-2025
- Business
- Business Wire
Exchange Income Corporation to Host Second Quarter Results Conference Call on August 12, 2025
WINNIPEG, Manitoba--(BUSINESS WIRE)--Exchange Income Corporation (TSX: EIF) ('EIC' or 'the Corporation'), a diversified, acquisition-oriented company focused on opportunities in the Aerospace & Aviation and Manufacturing segments, announced today it will hold a conference call to discuss its 2025 second quarter financial results on Tuesday, August 12, 2025 at 8:30 am ET. The Corporation is expected to report its financial results on Monday, August 11, 2025 after market close. Key members of senior management will participate in the conference call. All interested parties can join the conference call by dialing 1-800-717-1738 or 1-289-514-5100 (International). Please dial in 15 minutes prior to the call to secure a line. The conference call will be archived for replay until August 19, 2025 at midnight. To access the archived conference call, please dial 1-888-660-6264 or 1-289-819-1325 (International) and enter the encore code 07197#. A live audio webcast of the conference call will be available at Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to join the webcast. An archived replay of the webcast will be available for 90 days. About Exchange Income Corporation Exchange Income Corporation is a diversified acquisition-oriented company, focused on opportunities in the Aerospace & Aviation and Manufacturing segments. 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. 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
National Post
03-07-2025
- Business
- National Post
Exchange Income Corporation Announces Commitment to Expand the Atik Mason Indigenous Pilot Pathway in Nunavut
Article content WINNIPEG, Manitoba — Exchange Income Corporation (TSX: EIF) ('EIC' or the 'Corporation') a diversified, acquisition-oriented company focused on opportunities in the Aerospace & Aviation and Manufacturing segments, announces it will commit to double the capacity of its Atik Mason Indigenous Pilot Pathway in Nunavut for 2026 (the 'Program'). The Program removes significant barriers to flight training faced by Indigenous students including cost and location and honors the importance of retaining a deep connection to Indigenous culture while training. Article content The Program was initially established in 2022 in Thompson, Manitoba and was expanded to Rankin Inlet, Nunavut in 2024 which is the first and only of its kind in Nunavut. With the completion of the acquisition of Canadian North which expands our footprint in Nunavut, the doubling of the capacity of the Program in Nunavut for next year was an obvious and natural choice for EIC and consistent with the Corporation's history of investing in the communities we serve. Article content Article content 'We take seriously our responsibility to invest in the regions which we serve. This is why we originally expanded the Program to Rankin Inlet where it has been remarkably successful with the first student starting to fly for us this year and five others will be completing their training in 2026 with jobs waiting for them at our airlines,' stated Mike Pyle, CEO of EIC. He continued, 'With the acquisition of Canadian North we are thrilled to be materially expanding the Program in Nunavut and see many more Inuit joining our companies as pilots. Through this expansion we will not only invest in the assets needed in Nunavut to support the Program's growth but also invest in the Inuit living in the communities. They are our future pilots. These types of investments are a cornerstone of who is EIC is, how we operate and what will continue to drive our success operating in the North.' Article content About Exchange Income Corporation Article content 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 Article content Article content ). Article content Caution concerning forward-looking statements Article content 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. Article content Article content Article content Article content Contacts Article content : Article content Mike Pyle Article content Article content Chief Executive Officer Article content Article content Exchange Income Corporation Article content Article content (204) 982-1850 Article content Article content MPyle@ Article content
