Encana Corp Declares Quarterly Dividend of $0.02 (ECA)

Encana Corp (TSE:ECA) (NYSE:ECA) announced a quarterly dividend on Wednesday, March 14th, TickerTech reports. Investors of record on Thursday, March 29th will be paid 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 (TSE:ECA) traded up C$0.49 during trading on Friday, reaching C$14.61. The company’s stock had a trading volume of 7,352,176 shares, compared to its average volume of 3,823,136. The company has a market capitalization of $13,740.00, a P/E ratio of 9.49 and a beta of 1.71. Encana has a 1 year low of C$10.54 and a 1 year high of C$17.94.

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

In related news, Director Douglas James Suttles acquired 2,000 shares of the stock in a transaction dated Wednesday, February 21st. The stock was bought at an average cost of C$13.51 per share, for a total transaction of C$27,020.00. Insiders have bought 6,000 shares of company stock valued at $79,950 over the last 90 days.

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Encana Company Profile

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)

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