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

ECN Capital Corp. (TSE:ECN – Get Rating) declared a quarterly dividend on Thursday, May 12th, Zacks reports. Investors of record on Wednesday, June 15th will be paid a dividend of 0.01 per share on Thursday, June 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Tuesday, June 14th.

Shares of ECN stock opened at C$6.00 on Friday. The company has a debt-to-equity ratio of 134.37, a quick ratio of 0.93 and a current ratio of 1.01. The stock has a market capitalization of C$1.48 billion and a P/E ratio of 1.19. The company has a 50 day moving average price of C$6.20 and a 200 day moving average price of C$7.37. ECN Capital has a fifty-two week low of C$4.60 and a fifty-two week high of C$12.24.

ECN Capital (TSE:ECN – Get Rating) last posted its quarterly earnings results on Tuesday, March 1st. The company reported C$0.08 EPS for the quarter, topping the consensus estimate of C$0.05 by C$0.03. The firm had revenue of C$87.59 million for the quarter, compared to analyst estimates of C$82.55 million. On average, research analysts forecast that ECN Capital will post 0.48 EPS for the current fiscal year.

Several research analysts have commented on the stock. National Bank Financial boosted their price target on shares of ECN Capital to C$8.00 and gave the stock an “outperform” rating in a report on Wednesday, February 9th. TD Securities boosted their price target on shares of ECN Capital from C$7.50 to C$8.00 and gave the stock a “buy” rating in a report on Tuesday. BMO Capital Markets began coverage on shares of ECN Capital in a report on Wednesday, March 2nd. They set a “buy” rating and a C$7.00 price target for the company. CIBC boosted their price objective on shares of ECN Capital from C$7.00 to C$7.50 and gave the stock an “outperform” rating in a research report on Thursday, March 3rd. Finally, Raymond James set a C$7.00 price objective on shares of ECN Capital and gave the stock an “outperform” rating in a research report on Wednesday, March 2nd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$8.50.

About ECN Capital (Get Rating)

ECN Capital Corp. originates, manages, and advises on prime consumer credit portfolios in North America. It operates through Secured Consumer Loans – Triad Financial Services and Source One; and Consumer Credit Card and Related Unsecured Consumer Loans – KG segments. The company provides secured consumer loan portfolios, including manufactured home, marine, and recreational vehicle loans; and consumer credit card portfolios that are focused on co-branded credit cards and related financial products.

Featured Stories