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

Key Points

• ECN Capital Corp. announced a quarterly dividend of C$0.01 per share to be paid on October 1st, representing an annualized yield of 1.4%.
• Raymond James Financial downgraded ECN Capital from a "moderate buy" to a "hold" rating with a price target of C$3.25, reflecting a consensus hold rating among analysts.
• The company's current share price is C$2.95, with a market cap of C$830.36 million, and it has demonstrated significant debt with a debt-to-equity ratio of 304.13.

ECN Capital Corp. (TSE:ECN - Get Free Report) declared a quarterly dividend on Friday, September 12th, TickerTech Dividends reports. Shareholders of record on Wednesday, October 1st will be given a dividend of 0.01 per share on Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, September 12th.

ECN Capital Trading Down 0.3%

ECN traded down C$0.01 during midday trading on Monday, reaching C$3.05. 41,301 shares of the company's stock traded hands, compared to its average volume of 154,812. The firm has a fifty day moving average of C$2.95 and a two-hundred day moving average of C$2.82. The stock has a market capitalization of C$858.51 million, a price-to-earnings ratio of 112.32, a P/E/G ratio of 0.24 and a beta of 1.37. The company has a debt-to-equity ratio of 304.13, a current ratio of 13.28 and a quick ratio of 3.81. ECN Capital has a 52 week low of C$2.00 and a 52 week high of C$3.52.

About ECN Capital

ECN Capital Corp is a financial business service provider. It originates, structures and manages financial products and provides advisory services for financial institutions. The company's operating segment includes Service Finance - Home Improvement Loans; KG - Consumer Credit Card Portfolios and Related Financial Products; Triad Financial Services - Manufactured Home Loans and Corporate.