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

ECN Capital Corp. (TSE:ECN) declared a quarterly dividend on Wednesday, August 7th, Zacks reports. Investors of record on Friday, September 13th will be given a dividend of 0.01 per share on Tuesday, October 1st. This represents a $0.04 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Friday, September 13th.

ECN Capital Price Performance

Shares of TSE ECN opened at C$2.16 on Friday. The stock has a market cap of C$607.22 million, a P/E ratio of -3.60, a P/E/G ratio of 0.24 and a beta of 1.25. ECN Capital has a twelve month low of C$1.60 and a twelve month high of C$3.10. The stock has a 50 day moving average of C$1.84 and a two-hundred day moving average of C$2.09. The company has a current ratio of 11.69, a quick ratio of 3.81 and a debt-to-equity ratio of 447.65.

Analyst Ratings Changes

ECN has been the topic of a number of recent research reports. TD Securities dropped their price objective on shares of ECN Capital from C$2.75 to C$2.00 and set a “hold” rating on the stock in a research note on Friday, May 3rd. CIBC upped their price objective on ECN Capital from C$2.00 to C$2.25 in a research note on Thursday. Finally, National Bankshares lifted their target price on ECN Capital from C$2.25 to C$2.50 in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$2.42.

Insider Activity at ECN Capital

In other ECN Capital news, Director Karen Lynne Martin bought 25,000 shares of the company’s stock in a transaction on Friday, May 17th. The shares were bought at an average price of C$1.88 per share, for a total transaction of C$46,887.50. 18.43% of the stock is owned by insiders.

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.