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

ECN Capital Corp. (TSE:ECN) announced a quarterly dividend on Thursday, March 20th, TickerTech Dividends reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.01 per share on Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Thursday, March 20th.

ECN Capital Stock Performance

Shares of TSE ECN opened at C$2.67 on Tuesday. The firm has a fifty day moving average price of C$3.19 and a 200-day moving average price of C$2.74. The company has a debt-to-equity ratio of 304.13, a current ratio of 13.28 and a quick ratio of 3.81. The stock has a market cap of C$535.82 million, a PE ratio of -11.93, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. ECN Capital has a 1 year low of C$1.60 and a 1 year high of C$3.52.

Analysts Set New Price Targets

ECN has been the subject of a number of analyst reports. CIBC increased their price objective on shares of ECN Capital from C$2.50 to C$3.50 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. National Bank Financial cut shares of ECN Capital from a “strong-buy” rating to a “hold” rating in a research note on Sunday, February 2nd. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$2.68.

About ECN Capital

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.