This weeks stock EIF, Is dividend safe?

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I’m keen to buy EIF since it
dropped to $15 but due to its exposure to aviation industry which is in big trouble due to COVID19, I wasn’t sure if that would be a safe investment.
But since I saw the same stock in your weekly list, I have the same question to have your expert advise if this is a good time to buy? And if the juicy dividend of 7.35% safe or expected to be reduced/chopped in near future.

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Asked on August 24, 2020 7:32 am
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Private answer

Hi Shail,

EIF is actually on our Dividend Bull List. You can go have a read of the report which was just updated after quarterly results. Barring no further economic shutdowns, we believe the dividend is safe.

The report can be found here: https://www.stocktrades.ca/premium/individual-dividend-picks/exchange-income-corp-eif-to/

Mat

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Posted by Mathieu Litalien
Answered on August 24, 2020 7:49 am
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