Encana Corporation (ECA) To Go Ex-Dividend on December 14th
Encana Corporation (NYSE:ECA) (TSE:ECA) announced a quarterly dividend on Wednesday, November 8th, RTT News reports. Stockholders of record on Friday, December 15th will be paid a dividend of 0.015 per share by the oil and gas company on Friday, December 29th. This represents a $0.06 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Thursday, December 14th.
Encana has decreased its dividend payment by an average of 55.3% annually over the last three years. Encana has a dividend payout ratio of 14.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Encana to earn $0.69 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 8.7%.
Shares of Encana (NYSE:ECA) traded down $0.01 during trading on Wednesday, hitting $11.75. The stock had a trading volume of 4,391,600 shares, compared to its average volume of 11,637,535. Encana has a 1 year low of $8.01 and a 1 year high of $13.85. The stock has a market cap of $11,443.83, a price-to-earnings ratio of 29.40, a PEG ratio of 3.41 and a beta of 2.16. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60.
Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids (NGLs) producing plays. The Company’s operations also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America.
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