Encana Corp (ECA) Plans Quarterly Dividend of $0.02

Encana Corp (TSE:ECA) (NYSE:ECA) declared a quarterly dividend on Wednesday, March 14th, TickerTech reports. Stockholders of record on Thursday, March 29th will be given a dividend of 0.015 per share on Thursday, March 29th. This represents a $0.06 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend is Wednesday, March 14th.

Encana (ECA) traded up C$0.49 during mid-day trading on Friday, reaching C$14.61. 7,352,176 shares of the company’s stock were exchanged, compared to its average volume of 3,823,136. The stock has a market capitalization of $13,740.00, a price-to-earnings ratio of 9.49 and a beta of 1.71. Encana has a 52 week low of C$10.54 and a 52 week high of C$17.94.

Several brokerages have commented on ECA. Sanford C. Bernstein increased their price target on Encana from C$19.89 to C$19.98 in a report on Friday, February 16th. AltaCorp Capital downgraded shares of Encana from an “outperform” rating to a “sector perform” rating in a research note on Monday, January 15th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of C$16.83.

In related news, Director Douglas James Suttles bought 2,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was bought at an average cost of C$14.00 per share, for a total transaction of C$28,000.00. Insiders have bought a total of 6,000 shares of company stock valued at $79,950 over the last 90 days.

TRADEMARK VIOLATION WARNING: “Encana Corp (ECA) Plans Quarterly Dividend of $0.02” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The correct version of this report can be read at https://www.dispatchtribunal.com/2018/03/16/encana-corp-to-issue-quarterly-dividend-of-0-02-eca.html.

About Encana

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.

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.

Leave a Reply