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

ECN Capital Corp. (TSE:ECN) declared 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 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Thursday, March 20th.

ECN Capital Stock Performance

ECN stock opened at C$2.67 on Tuesday. The firm has a market cap of C$535.82 million, a P/E ratio of -11.93, a P/E/G ratio of 0.24 and a beta of 1.35. The stock’s 50 day simple moving average is C$3.19 and its 200 day simple moving average is C$2.74. The company has a current ratio of 13.28, a quick ratio of 3.81 and a debt-to-equity ratio of 304.13. ECN Capital has a 12-month low of C$1.60 and a 12-month high of C$3.52.

Analyst Upgrades and Downgrades

ECN has been the topic of a number of recent research reports. National Bank Financial downgraded shares of ECN Capital from a “strong-buy” rating to a “hold” rating in a research report on Sunday, February 2nd. CIBC lifted their target price on ECN Capital from C$2.50 to C$3.50 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.