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

ECN Capital Corp. (TSE:ECN) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders 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 Trading Up 23.6 %

Shares of TSE:ECN opened at C$2.93 on Friday. The firm has a market cap 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. The company’s fifty day simple moving average is C$2.16 and its 200 day simple moving average is C$1.97. ECN Capital has a 12 month low of C$1.60 and a 12 month high of C$3.10. The company has a quick ratio of 3.81, a current ratio of 10.77 and a debt-to-equity ratio of 383.08.

ECN Capital (TSE:ECN) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.04 EPS 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. As a group, research analysts forecast that ECN Capital will post 0.2446449 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ECN shares. CIBC upped their price target on shares of ECN Capital from C$2.25 to C$2.50 in a research note on Friday. BMO Capital Markets upped their price objective on ECN Capital from C$2.00 to C$2.35 in a report on Friday, August 9th. Finally, National Bankshares upped their price target on shares of ECN Capital from C$2.25 to C$2.50 in a research note on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$2.52.

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.