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

ECN Capital Corp. (TSE:ECN) announced a quarterly dividend on Wednesday, August 7th, Zacks reports. Shareholders 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 1.95%. The ex-dividend date is Friday, September 13th.

ECN Capital Price Performance

Shares of ECN stock traded down C$0.11 during mid-day trading on Friday, hitting C$2.05. 89,934 shares of the stock traded hands, compared to its average volume of 371,581. ECN Capital has a twelve month low of C$1.60 and a twelve month high of C$3.10. The company has a debt-to-equity ratio of 447.65, a quick ratio of 3.81 and a current ratio of 11.69. The company’s 50-day simple moving average is C$1.84 and its 200-day simple moving average is C$2.09. The firm has a market cap of C$576.30 million, a price-to-earnings ratio of -3.60, a price-to-earnings-growth ratio of 0.24 and a beta of 1.25.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ECN shares. TD Securities lowered their target price on ECN Capital from C$2.75 to C$2.00 and set a “hold” rating on the stock in a report on Friday, May 3rd. National Bankshares raised their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Thursday. Finally, CIBC boosted their target price on shares of ECN Capital from C$2.00 to C$2.25 in a report on Thursday. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$2.42.

Insider Activity

In related news, Director Karen Lynne Martin purchased 25,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were purchased at an average price of C$1.88 per share, with a total value of C$46,887.50. 18.43% of the stock is currently owned by company 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.