Q: Hello Leaf’s fans. To be clear I am a Canucks fan and a long term holder of Eif.
What do you like and dislike about Eif.?
You didn’t include in your response to top ten Canadian dividend stocks question.
Thanks and Happy Mother’s Day
What do you like and dislike about Eif.?
You didn’t include in your response to top ten Canadian dividend stocks question.
Thanks and Happy Mother’s Day
5i Research Answer:
We like EIF but it is still fairly small and just not a top 10 name. It has a good record of dividend increases and we like the positioning of its various businesses. Its airline business for example has limited competition. On the negative side the payout ratio fluctuates and it does tend to issue a lot of stock. Most of the time these are related to acquisitions, but not always. At 20x earnings now it is higher than its historical average, but business has been good. It has recovered well from the pandemic. It recently raised its outlook.