Enercare Inc. (TSE:ECI) rose 0.9% during trading on Tuesday following a dividend announcement from the company. The stock traded as high as C$19.65 and last traded at C$19.42. Approximately 233,868 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 274,228 shares. The stock had previously closed at C$19.59.

The newly announced dividend which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 30th will be given a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 4.77%. The ex-dividend date is Tuesday, November 14th. Enercare’s dividend payout ratio (DPR) is 180.00%.

ECI has been the subject of several recent research reports. Desjardins reaffirmed a “buy” rating on shares of Enercare in a research report on Wednesday, October 25th. TD Securities increased their price objective on shares of Enercare from C$21.00 to C$23.00 and gave the company a “hold” rating in a research report on Wednesday, August 9th. Finally, National Bank Financial reaffirmed an “outperform market weight” rating on shares of Enercare in a research report on Wednesday, August 9th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$24.33.

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Enercare Company Profile

Enercare Inc is a Canada-based company engaged in home services and sub-metering businesses. The Company operates through two segments: Home Services and Sub-metering. Its Home Services segment is engaged in the provision of water heaters, furnaces, air conditioners and other heating, ventilation and air conditioning (HVAC) rental products, protection plans and related services.

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