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

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

ECN Capital Stock Performance

TSE ECN opened at C$2.93 on Friday. 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 50-day simple moving average of C$2.16 and a 200 day simple moving average of C$1.97. ECN Capital has a 52-week low of C$1.60 and a 52-week high of C$3.10. The company has a market capitalization of C$823.68 million, a PE ratio of -8.88, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35.

ECN Capital (TSE:ECN) last posted its earnings results on Wednesday, August 7th. The company reported C$0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.04. ECN Capital had a negative net margin of 55.01% and a negative return on equity of 33.69%. The business had revenue of C$79.37 million for the quarter, compared to analyst estimates of C$75.42 million. On average, research analysts predict that ECN Capital will post 0.2446449 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. BMO Capital Markets raised their price target on ECN Capital from C$2.00 to C$2.35 in a research note on Friday, August 9th. National Bankshares lifted their target price on shares of ECN Capital from C$2.25 to C$2.50 in a report on Thursday, August 8th. Finally, CIBC lifted their price objective on ECN Capital from C$2.25 to C$2.50 in a research note on Friday. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.