ECN Capital Corp. (TSE:ECN) Announces Quarterly Dividend of $0.01

ECN Capital Corp. (TSE:ECN) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.01 per share on Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Friday, December 13th.

ECN Capital Stock Up 23.6 %

Shares of ECN stock opened at C$2.93 on Friday. The stock’s 50 day simple moving average is C$2.16 and its 200 day simple moving average is C$1.97. ECN Capital has a twelve month low of C$1.60 and a twelve month high of C$3.10. The company has a debt-to-equity ratio of 383.08, a quick ratio of 3.81 and a current ratio of 10.77. The company has a market capitalization of C$823.68 million, a price-to-earnings ratio of -8.88, a PEG ratio of 0.24 and a beta of 1.35.

ECN Capital (TSE:ECN) last released its earnings results on Wednesday, August 7th. The company reported C$0.04 EPS for the quarter, meeting the consensus estimate of C$0.04. The firm had revenue of C$79.37 million during the quarter, compared to analysts’ expectations of C$75.42 million. ECN Capital had a negative net margin of 55.01% and a negative return on equity of 33.69%. As a group, research analysts predict that ECN Capital will post 0.2446449 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. CIBC increased their price target on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Friday. National Bankshares increased their target price on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Thursday, August 8th. Finally, BMO Capital Markets boosted their price target on shares of ECN Capital from C$2.00 to C$2.35 in a research report on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, ECN Capital has a consensus rating of “Hold” and a consensus target price of C$2.52.

ECN Capital Company Profile

ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates in two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company offers consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.