Exchange Income Corporation, a Canadian-based diversified company with a focus on acquisitions in the Aerospace & Aviation and Manufacturing sectors, announced on [insert specific date] that its Board of Directors declared eligible dividends for the month of April 2024. The total dividend amount declared was $0.22 per share.
The dividends are payable on May 15, 2024, to shareholders of record as of the record date, which is typically a few business days prior to the payment date. Shareholders who hold their shares through a broker or investment firm may receive their dividends in the form of cash or reinvested shares, depending on their chosen dividend reinvestment plan (DRIP) settings.
Exchange Income Corporation is headquartered in Winnipeg, Manitoba, and its business segments include:
1. Aerospace & Aviation: This segment includes businesses that provide maintenance, repair, and overhaul (MRO) services for various aircraft types, as well as aircraft leasing and sales. The Aerospace & Aviation segment also includes businesses that offer flight training and pilot services.
2. Manufacturing: This segment includes businesses that manufacture and distribute various products, such as engineered components and systems for original equipment manufacturers (OEMs) and aftermarket customers in industries like agriculture, construction, and forestry.
The Corporation's focus on acquisitions allows it to expand its operations and increase its presence in both the Aerospace & Aviation and Manufacturing sectors. By acquiring businesses with strong market positions and solid growth potential, Exchange Income Corporation aims to create value for its shareholders and contribute to the long-term success of its portfolio companies.
Investors who are interested in learning more about Exchange Income Corporation and its dividend policy can visit the company's website or contact its investor relations department for additional information.
It is important to note that while dividends are a source of regular income for investors, they are not guaranteed and can be subject to change based on various factors, including the financial performance of the company and economic conditions. Shareholders should always consult their financial advisors for personalized investment advice and consider their individual investment objectives and risk tolerance before making any investment decisions.
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