Encana Corp Declares Quarterly Dividend of $0.03 (TSE:ECA)

Encana Corp (TSE:ECA) (NYSE:ECA) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Shareholders of record on Friday, December 13th will be given a dividend of 0.025 per share on Tuesday, December 31st. This represents a $0.10 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, December 12th.

Shares of ECA opened at C$5.33 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 83.73. The stock has a market cap of $6.95 billion and a P/E ratio of 5.15. The business’s 50 day moving average price is C$5.55 and its 200-day moving average price is C$6.05. Encana has a 52 week low of C$5.02 and a 52 week high of C$10.35.

Several analysts recently commented on the stock. CIBC cut their price objective on shares of Encana from C$5.00 to C$4.00 and set an “underperform” rating on the stock in a research report on Friday, November 1st. National Bank Financial cut their price objective on Encana from C$9.50 to C$8.50 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of C$9.50.

Encana Company Profile

Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. It holds interests in various assets, including the Montney in northeast British Columbia and northwest Alberta; Duvernay in west central Alberta; and other upstream operations comprising Wheatland in southern Alberta, Horn River in northeast British Columbia, and Deep Panuke located in offshore Nova Scotia in Canada.

Featured Article: How accurate is the Rule of 72?

Dividend History for Encana (TSE:ECA)

Receive News & Ratings for Encana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encana and related companies with MarketBeat.com's FREE daily email newsletter.