Encana Corp (ECA) To Go Ex-Dividend on December 14th
Encana Corp (TSE:ECA) (NYSE:ECA) declared a quarterly dividend on Tuesday, November 7th, Zacks reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.019 per share on Friday, December 29th. This represents a $0.08 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from Encana’s previous quarterly dividend of $0.02.
Shares of Encana (TSE ECA) traded down C$0.01 during mid-day trading on Wednesday, hitting C$15.11. The company’s stock had a trading volume of 2,574,021 shares, compared to its average volume of 4,424,648. Encana has a 12 month low of C$10.54 and a 12 month high of C$18.13.
Several equities analysts have issued reports on the company. Raymond James Financial raised their price objective on Encana to C$20.00 and gave the stock a “strong-buy” rating in a report on Friday, October 20th. Scotiabank raised their price objective on Encana to C$16.25 and gave the stock a “sector perform” rating in a report on Friday, October 20th. Two research analysts have 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 company presently has a consensus rating of “Buy” and an average price target of C$16.20.
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.
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